Contains some special tables to manage the tasks necessary for settling GST and reporting to the customs and tax authorities. You can use these tables to:
-
Calculate the GST due for a period.
-
Prepare and print the GST statement, which can be copied directly to the giro form.
-
Print a list of sales to EU countries/regions (on paper or to a diskette).
An entry is created in the GST Entry table for each posted transaction that involves GST. These entries are used to calculate the GST that must be settled for a given period. When the calculation must be done, you use a GST statement to specify how the GST should be calculated.
You can create several different types of GST statements in the GST Statement Template window if you need different forms. If you need different GST statements based on the same template, you create different names in the GST Statement Names window. The GST statement itself is filled out in the GST Statement Line window.
After you have defined a GST statement, you can print it to a giro form by clicking Actions, pointing to Functions, and then clicking Print. After you have printed and approved the GST statement, you can run the Calc. and Post GST Settlement batch job to close the open GST entries and transfer purchase and sales GST amounts to the GST settlement account.