What goes into each box - New Zealand GST Report
Nondeductible tax codes created by checking the 100% Non-deductible box on the Tax Code page is not supported. If you want to create nondeductible tax codes that will work with International Tax Reports SuiteApp, see Setting Up Nondeductible Input Tax.
The following table shows how NetSuite uses the tax codes to get the values for the New Zealand GST Report.
|
Description |
Box |
Amount |
|---|---|---|
|
Total sales and income for the period (including GST and any zero-rated supplies) |
5 |
Net amount of sales S-NZ, Z-NZ + Tax amount of sales S-NZ, Z-NZ + Tax amount of sales adjustment in box 5 with S-NZ, Z-NZ |
|
Zero-rated supplies included in Box 5 |
6 |
Net amount of sales Z-NZ |
|
Box 5 less Box 6 |
7 |
Box 5 - Box 6 |
|
Box 7 multiplied by three (3) divided by twenty-three (23) |
8 |
[(Box 7)x3]/23 |
|
Adjustments from your calculation sheet |
9 |
Editable field |
|
Box 8 plus Box 9. This is your total GST collected on sales and income |
10 |
Box 8 + Box 9 |
|
Total purchases and expenses (including GST) for which tax invoicing requirements have been met excluding any imported goods |
11 |
Net amount of purchases S-NZ + Tax amount of purchases S-NZ + Tax amount of purchase adjustment in box 11 with S-NZ |
|
Box 11 multiplied by three (3) divided by twenty-three (23) |
12 |
[(Box 11)x3]/23 |
|
Credit adjustments from your calculation sheet |
13 |
Editable field |
|
Box 12 plus Box 13. This is your total GST credit for purchases and expenses |
14 |
Box 12 + Box 13 |
|
Box 10 less Box 14 |
15 |
Box 10 - Box 14 |