The standard tax codes used in QuickBooks and Solution 6 'Accounts' are set out below:
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 |