GST on imported goods

Zeus2018
Zeus2018 Member Posts: 6

I am having difficulty in entering GST paid on imported goods.

I received invoice from shipping agent with fees and charges along with GST amount paid to customs. Have looked up and read a few responses from other members, and I'm confused.

Is there a step by step guide anywhere?

Answers

  • Kris_Williams
    Kris_Williams Member Posts: 3,243 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    I enter it like this. A bill from shipping agent for 5000 including GST of 3000 (because it’s always an odd amount

    Purchases 30000. NCG. 3000

    Purchases. -28000. NCF

  • Zeus2018
    Zeus2018 Member Posts: 6

    Hi Kris I've read comments advising this is not the correct way. Does the GST get picked up on the activity report.

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,317 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited December 2023

    Hi @Zeus2018

    Kris is on the right track - I have a guide with step-by-step info that I’ve written up on this as the tax coding for the original purchase & customs charges allocations needs to be quite specific.

    If you’d like to shoot me an email direct, I’m happy to send it through to you ☺️

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    [email protected]

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Kris_Williams
    Kris_Williams Member Posts: 3,243 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Yes it does I have done it this way for over 20 years