Complete business activity and instalment activity statements in Australia

Swanston Enterprises report GST quarterly on a cash basis. They had the following account balances (on a cash basis) for the September quarter. All amounts include GST where applicable.

ACCOUNT DETAILS	Amount ($)
Commercial rent received	9900
Residential rent received(input taxed)	11000
Sales of goods	62600
Interest received(input taxed)	550
Sales of services	17000
Export sales	26150
Wages and salaries	56600
Stationery	6600
Depreciation	3320
Accounting fees	4400
Electricity	730
Business insurance premiums	440
Interest on loan *	88
Promotional expenses	1320
Bank fees *	66
Motor vehicle operating costs	1110
Telephone bill	880
Council and water rates *	770
Repairs to residential rental property	560
IPA subscriptions	121
Superannuation contributions	2390
Stock purchases	13000
Commercial rent expenses	735
Purchase of new printer	2890
PAYG tax withheld	22950
Commissioners Rate	2.50%

REQUIRED: using a cash basis, complete a GST Calculation worksheetandBAS for Swanston Enterprises for the quarter.

Total sales (including and GST)	G1	$	Answer for part 1
Export sales	G2	$	Answer for part 2
Other GST-free sales	G3	$	Answer for part 3
Input taxed sales	G4	$	Answer for part 4
G2 + G3 + G4	G5	$
Total sales subject to GST(G1 minus G5)	G6	$
Adjustments (if applicable)	G7	$	Answer for part 5
Total sales subject to GST after adjustments (G6 +G7)	G8	$
GST on sales (G8 divided by eleven)	G9	$
GST amounts the Tax Office owes you from purchases
Capital purchases (including any GST)	G10	$	Answer for part 6
Non-capital purchases (including any GST)	G11	$	Answer for part 7
G10 + G11	G12	$
Purchases for making input taxed sales	G13	$	Answer for part 8
Purchases without GST in the price	G14	$	Answer for part 9
Estimated purchases for private use or not income tax deductible	G15	$	Answer for part 10
G13 + G14 + G15	G16	$
Total purchases subject to GST (G12 minus G16)	G17	$
Adjustments (if applicable)	G18	$	Answer for part 11
Total purchases subject to GST after adjustments (G17 + G18)	G19	$
GST on purchases (G19 divided by eleven)	G20	$

Goods and services tax (GST)

Option 1: Calculate GST and report quarterly

Total sales	G1	$	Answer for part 12
Export sales	G2	$	Answer for part 13
Other GST-free sales	G3	$	Answer for part 14
Capital purchases	G10	$	Answer for part 15
Non-capital purchases	G11	$	Answer for part 16

PAYG tax withheld
Total salary, wages and other payments	W1	$	Answer for part 17
Amounts withheld from payments shown at W1	W2	$	Answer for part 18
Amounts withheld where no ABN is quoted	W4	$	Answer for part 19
Other amounts withheld (excluding any amount shown at W2 or W4	W3	$	Answer for part 20
Total amounts withheld (W2+W4+W3)	W5	$

Summary

Amounts you owe the Tax Office
GST on sales (2 decimal places)	1A	Answer for part 21
PAYG tax withheld	4	Answer for part 22
PAYG income tax instalment(G1-G9) x 2.5% (2 decimal places)	5A	Answer for part 23
FBT instalment	6A	Answer for part 24
Deferred company instalment	7	Answer for part 25
1A + 4 + 5A + 7 (2 decimal places)	8A
Amounts the Tax Office owes you
GST on purchases (2 decimal places)	1B	Answer for part 26
Credit from PAYG instalment variation	5B	Answer for part 27
Credit from FBT instalment variation	6B	Answer for part 28
1B + 5B + 6B (2 decimal places)	8B

How much is your payment or refund amount to ATO?