Sample Australia GST Codes with the corresponding GST reporting codes

Note: This applies to Dynamics AX 2012 RTM, R2, R3, Dynamics 365 for Finance and Operations

Wondering why you are not getting the expected amounts in your Australia Business Activity Statement (BAS)?

One of the most common reasons for that to occur is that GST Codes are not set up with the right GST Reporting codes.

The GST code contains the basic information about the amount collected and paid to the authorities. This can be set up not only with amounts or percentages that need to be collected, but with various methods by which the amounts or percentages are applied to transaction amounts.

List of GST codes that comply with the Australian BAS:

The Report setup tab is important when setting up GST codes, as it determines different GST amounts that are recorded in the BAS. Use the Report setup tab and the Report setup – credit note adjustment tab to link the GST code to particular GST Reporting codes for the BAS.

The Table below illustrates the setup of GST codes with the corresponding GST reporting codes to generate a BAS. The selection of the reporting codes in the fields in the Report setup tab links to the field in the BAS report.

TAX > INDIRECT TAXES > GST > PRINT > GST CODE > PRINT > GST reporting codes

Neil Catubig [MSFT]

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