What happens in Kontuly if I'm not registered for GST?
If Registered for GST is unticked in Kontuly's Settings, every transaction is treated as having no GST: invoices have no Tax column, bank amounts go to their account in full, and nothing reaches the GST accounts. Tick it when you register, and GST is worked out from then on.
- Open Settings and find GST & returns.
- Tick or untick Registered for GST.
- Choose your Accounting basis and BAS frequency if you're registered.
- Click Save changes.
What changes when I'm not registered?
- Invoices, bills, credit notes and bank lines carry no GST, and the Tax column disappears from the invoice screen.
- Manual journals can't post to the GST accounts: "Business is not registered for GST — journal lines cannot post to GST accounts".
- There's no GST card on the Dashboard.
- The GST Report still runs, and its notes say "This business is not registered for GST."
- If you're registered, the Profit and Loss shows amounts excluding GST; if not, its notes say amounts include any GST you paid.
I've just registered for GST
Tick Registered for GST and save. It affects transactions you record from then on; posted transactions don't change. A draft invoice is recalculated when you approve it, so it uses the registration that applies at that moment.
Set the date your registration starts with your accountant or registered BAS agent, and run your first GST Report from that date.
I'm no longer registered
Untick it and save. Earlier transactions keep their GST, so your past BAS figures are unchanged.
Related questions
- What GST codes does Kontuly use, and can I add my own?Kontuly starts with GST 10%, GST Free, Input Taxed and No GST. What each means on your BAS, how account defaults work, and how to add a rate.
- Cash or accruals: when does Kontuly report GST?On the accruals basis Kontuly counts GST on the invoice or bill date; on the cash basis, when the money is paid. How to choose and what changes.
- How do I prepare my BAS figures in Kontuly?Kontuly's GST Report prepares the G1, 1A and 1B labels of your BAS, plus PAYG labels if you set them up. Here's how to run it for your BAS period.
More about gst, bas and tax
- How does Kontuly work out GST on a bank transaction?Kontuly treats bank amounts as including GST and splits the tax out at the account's rate, or a rate you choose, when you code the line.
- How does Kontuly work out PAYG withholding W1 and W2?Kontuly has no payroll, but reads BAS labels W1 and W2 from your wages and PAYG withholding accounts. How to set them up and record each pay run.
- How do I add PAYG instalments to my BAS in Kontuly?Set PAYG income tax instalments in Kontuly's BAS PAYG settings as your ATO notice amount (T7) or rate (T2), and the GST Report adds 5A, 8A and 9.
- How do I prepare a TPAR (taxable payments report) in Kontuly?Flag contractors on their contact and Kontuly's Taxable Payments Annual Report totals what you paid each one, with GST, for your TPAR. You lodge it.
- How do I record paying the ATO for my BAS in Kontuly?Code the ATO payment or refund bank line to your GST account in Kontuly, splitting out PAYG withheld and instalments. It won't appear on your next BAS.