GST on every receipt
GST is worked out at 9/109 of the total when a receipt shows GST, and can be set to zero when it does not.
GST
GST F5 figures for sole proprietors and agents
For GST-registered people: GST worked out on each receipt, claimable input tax tracked, and Box 5 and Box 7 of your F5 ready each quarter with the due date shown.
Claimable input tax
Receipts that still need a tax invoice are listed, so Box 7 only counts input tax you can support.
F5 figures by quarter
Box 5 and Box 7 come from your confirmed receipts. Enter your sales for Box 1 and Box 6; Box 8 is worked out.
Due dates in view
Each quarter shows its due date, one month after the quarter ends, and whether it is filed.
How it works
- 01
Confirm receipts through the quarter
- 02
Open the quarter in GST returns
- 03
Enter your sales for Box 1 and Box 6
- 04
Copy the figures into myTax Portal and mark the return filed
Questions
Does Tallycent file my GST return?
No. Tallycent prepares the figures from your receipts. You file on myTax Portal.
Do I need to be GST-registered to use Tallycent?
No. Everyone gets the expense statement. The GST screens are there for those who are registered.