Not registered for GST

[saragcullag]

Hi there,

I am a sole trader with a hobby business not registered for GST, and have selected this in the settings.

However, I have some invoices from suppliers that do have GST included - when I enter these it doesn't allow me to include the additional GST component of their bill.

Should I add the GST as a second item on the invoice?

Or should I just add the item at full price inclusive of GST and not worry that it shows GST as $0?

I just want to make sure I am setting this up correctly from the beginning and showing any GST I have paid if needed.

Thanks

[jenniek · Accepted solution]

Hi @saragcullag 

Not sure if you are in Aus or NZ - but in NZ - you just enter the full amount of the invoice including the GST amount as an expense. You will never need to report back how much GST you have paid in the past - as you can't claim it back in the future because you weren't GST registered at the time. You would only need to account for GST in the future if you become GST registered.

[saragcullag]

Thank you so much Jennie!