Sale of Motor Vehicle gst

Wendy Van OostenWendy Van Oosten Member Posts: 21
edited August 2019 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

Comments

  • Big HatBig Hat Accredited Partner Posts: 101
    edited August 2019
    GST code
  • Wendy Van OostenWendy Van Oosten Member Posts: 21
    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.

  • ZappyZappy Accredited Partner Posts: 4,428 ✭✭✭
    edited July 2017
    CAP ia used for ACQUISITIONS not disposals
  • Big HatBig Hat Accredited Partner Posts: 101
    edited July 2017
    Hi Kevin

    Is CAP a standard Reckon Code?

    I though CAG was for Capital Acquisitions GST Included?
  • Wendy Van OostenWendy Van Oosten Member Posts: 21
    edited August 2017
    yes sorry, CAG. 
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