Setting Up Tax Authorities for GST

You must create an address book record for the Australian Taxation Office (ATO). The search type is typically V (suppliers), but using this search type is not mandatory.

To create vouchers to remit outstanding tax to the ATO, you must set up the GL distribution and tax information in the supplier master record as:

• Specify GST as the GL class.

• Specify a default expense account.

• Specify E (GST Free) for the Tax Explanation Code 2 field.

To claim a Goods and Services Tax (GST) refund from the ATO for net creditable inputs, you must set up the GL distribution and tax information in the customer master record as:

• Specify GST as the GL class.

• Specify an account number.

• Specify E (GST Free) for the Tax Explanation Code field.