The standard tax codes used in QuickBooks and Solution 6 'Accounts' are set out below:
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QuickBooks Standard Tax Codes |
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|
Code |
Rate (%) |
Description |
Type |
|
ADJ |
10 |
Tax Adjustments |
Goods and Services Tax |
|
Sales: |
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|
EXP |
0 |
GST Free Exports |
GST Free |
|
FRE |
0 |
GST Free Supplies |
GST Free |
|
GST |
10 |
10% GST Supplies |
Goods and Services Tax |
|
INP |
0 |
Input Taxed Supplies |
GST Free |
|
CDG |
11.89768 |
Cellar Door GST |
Goods and Services Tax |
|
CDS |
18.97679 |
Cellar Door WET |
Sales Tax |
|
CDC |
30.87447 |
Combined Cellar Door |
Combined |
|
WET |
29 |
Wine Equalisation Tax |
Sales Tax |
|
WGST |
12.9 |
GST on Wine Equalisation Tax |
Goods and Services Tax |
|
WC |
41.9 |
Combined WET and WGST |
Combined |
|
Purchases: |
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|
NCF |
0 |
Non-Cap. Acq. - GST Free |
GST Free |
|
NCG |
10 |
Non-Cap. Acq. - Including GST |
Goods and Services Tax |
|
NCI |
0 |
Non-Cap. Acq. - for making Input Taxed Supplies |
Input Taxed |
|
CAF |
0 |
Cap. Acq. - GST Free |
GST Free |
|
CAG |
10 |
Cap. Acq. - including GST |
Goods and Services Tax |
|
CAI |
0 |
Cap. Acq. - for making Input Taxed Supplies |
Input Taxed |
|
'Accounts' Standard Tax Codes |
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|
Code |
Rate(%) |
Description |
|
Sales: |
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|
S1 |
10 |
Taxable Supplies |
|
S2 |
0 |
Input Taxed Supplies |
|
S3 |
0 |
Export Sales |
|
S4 |
0 |
GST Free Supplies |
|
S5 |
10 |
Adjustment - Increase GST supplies |
|
S6 |
10 |
Adjustment - Decrease GST supplies |
|
S7 |
10 |
Invoiced Supplies where GST on Cash basis |
|
S8 |
10 |
Payments against invoiced Supplies where GST on Cash basis |
|
Purchases: |
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|
A1 |
10 |
Taxable Acquisitions |
|
A2 |
0 |
Acquisitions for making Input Taxed Supplies |
|
A3 |
0 |
Acquisitions - GST Free |
|
A4 |
0 |
Private or non-deductable acquisitions |
|
A5 |
10 |
Adjustment - Increase GST acquisitions |
|
A6 |
10 |
Adjustment - Decrease GST acquisitions |
|
A7 |
10 |
Acquisitions where GST goes to suspense account, GST on Cash basis |
|
A8 |
10 |
Payments against suspense account acquisitions, GST on Cash basis |