Sale of Motor Vehicle gst

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Wendy Van Oosten_8738626
Wendy Van Oosten_8738626 Member Posts: 18 Novice Member Novice Member
edited October 2024 in Reckon One
HI, we traded in a company motor vehicle so I provided a tax invoice to the car dealership. The transaction is under account Non-Current Asset - Sale of MV. What should the tax code be? Should it be against CAP gst code for the BAS? Thanks

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  • Big Hat
    Big Hat Accredited Partner Posts: 84 Accredited Partner Accredited Partner
    edited August 2019
    GST code

    John Peppas

  • Wendy Van Oosten_8738626
    Wendy Van Oosten_8738626 Member Posts: 18 Novice Member Novice Member
    edited July 2017
    Thanks John, sorry I tried to delete the comment before someone took the time to reply. I looked it up in the ATO. Cheers.

  • Zappy
    Zappy Accredited Partner Posts: 5,314 Accredited Partner Accredited Partner
    edited July 2017
    CAP ia used for ACQUISITIONS not disposals
  • Big Hat
    Big Hat Accredited Partner Posts: 84 Accredited Partner Accredited Partner
    edited July 2017
    Hi Kevin

    Is CAP a standard Reckon Code?

    I though CAG was for Capital Acquisitions GST Included?

    John Peppas

  • Wendy Van Oosten_8738626
    Wendy Van Oosten_8738626 Member Posts: 18 Novice Member Novice Member
    edited August 2017
    yes sorry, CAG. 
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