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GST Calculation Worksheet for BAS

Dazza's Delicious Chicken completed a GST calculation worksheet to determine the GST amounts owed and receivable for the tax period of April 1 to June 30, 20XY. The worksheet showed total sales of $518,303 with $44,500 in GST-free or input taxed sales, leaving $473,803 in total sales subject to GST. Purchases totaled $441,860 with $297,045 excluding GST, resulting in $144,815 in purchases subject to GST. Based on the calculations, Dazza's Delicious Chicken owed $43,073 in GST on sales and was owed $13,165 in GST on purchases.

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768 views1 page

GST Calculation Worksheet for BAS

Dazza's Delicious Chicken completed a GST calculation worksheet to determine the GST amounts owed and receivable for the tax period of April 1 to June 30, 20XY. The worksheet showed total sales of $518,303 with $44,500 in GST-free or input taxed sales, leaving $473,803 in total sales subject to GST. Purchases totaled $441,860 with $297,045 excluding GST, resulting in $144,815 in purchases subject to GST. Based on the calculations, Dazza's Delicious Chicken owed $43,073 in GST on sales and was owed $13,165 in GST on purchases.

Uploaded by

rajkrishna03
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Refer to Goods and services tax how to complete your activity statement (NAT 7392) to help you complete

e this calculation worksheet.

GST calculation worksheet for BAS Tax period 1 April 20XY - 30 June 20XY
(If you want to use the calculation sheet method to
work out GST amounts) Name Dazza's Delicious Chicken

Do not lodge the calculation sheet with your BAS Show amounts
We recommend you file it with a copy of the BAS to which it relates at these labels
on your BAS
GST amounts you owe the Tax Office from sales

G1 Total sales (including any GST) G1 $ 518303 .00 G1 on the BAS

G2 Export sales G2 $ 10000 .00 G2 on the BAS

G3 Other GST-free sales G3 $ 32000 .00 G3 on the BAS

G4 Input taxed sales G4 $ 2,500 .00

G5 G2 + G3 + G4 G5 $ 44500 .00

G6 Total sales subject to GST 473803 .00


(G1 minus G5) G6 $

G7 Adjustments (if applicable) G7 $ .00

G8 Total sales subject to GST after adjustments


(G6 + G7) G8 $ 473803 .00
1A in the
G9 GST on sales (G8 divided by eleven) 43073 .00 Summary section
G9 $ of the BAS

GST amounts the Tax Office owes you from purchases

G10 Capital purchases 30800 .00 G10 on the BAS


(including any GST) G10 $

G11 Non-capital purchases 411060 .00 G11 on the BAS


(including any GST) G11 $

G12 G10 + G11 G12 $ 441860 .00

G13 Purchases for making input taxed sales G13 $ .00

G14 Purchases without GST in the price G14 $ 297045 .00

Estimated purchases for private use


G15
or not income tax deductible G15 $ .00

G16 G13 + G14 + G15 G16 $ 297045 .00

Total purchases subject to GST 144815 .00


G17
(G12 minus G16) G17 $

G18 Adjustments (if applicable) G18 $ .00

G19 Total purchases subject to GST after G19 $ 144815 .00


adjustments (G17 + G18)
1B in the
Summary section
G20 GST on purchases (G19 divided by eleven) G20 $ 13165 .00 of the BAS

Now go to the GST section on the front of the BAS and follow the instructions on
the form. You will need to transfer amounts from this calculation sheet to the BAS.

Reset form

NAT 5107-06.2006

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