Zoho Inventory

Australia GST

The Australia tax module is exclusive to the Australian edition of Zoho Inventory. This feature will be available when you select Australia as your country during quick setup of an organization. Below are a list of operations you can perform with tax.

Guide Layout:

General Information on Australian Taxes

GST: Goods and Services Tax is a value added tax of 10% that is applied on the sale of goods and services in Australia.

BAS Report: The Business Activity Statement(BAS) is a report that businesses have to submit to the Australian Tax Office(ATO). It is used to report and pay their GST on a monthly or quarterly basis.


Terminologies

Name Description
Tax Name It refers to the name you’d like to assign to a particular tax. Ex: GST in Australia is 10%.
Rate Refers to the tax rate pertaining to a province in percentage. Ex: GST in Australia is 10%
Exemption Reason Users have to select why a customer / transaction / item is exempt from sales tax. Ex: GST FREE, GST FREE EXPORT and INPUT TAXED SALES.

Prerequisites

Country & Currency requirements

Enable Tax

To enable tax,

Access tax module

Tax module unlocking


Setting up Taxes for Australia in Zoho Inventory

Creating Taxes

To add a new tax,

Access tax module

New Australia Tax


Creating Tax Groups

To add a new tax group,

Access tax module

New Australia Tax Group

Click on Save the tax group.


Setting up your Default Tax

The Default Tax will be used in transactions when tax preference(Taxable/Tax Exempt) is not set for the involved customers. The first tax you create will be marked as the Default Tax initially. However, you can mark a different sales tax as default as well.

Default Tax can be useful for the following scenarios.

Default Tax is not automatically associated with a customer. It is only used when tax preference(Taxable/Tax Exempt) is not set for the customers in question.

Note: To mark a different tax as default, hover your mouse over the tax you wish to select as default. You will find the mark as default button appearing next to the tax. Select it to make the tax a default tax.

Change default tax


Contacts

Associating tax for a contact

You can associate taxes to contacts either while creating or editing them.

To set the tax preference of a new customer,

Associate Tax for Contact

Henceforth, the customer’s tax preference will be applied to all their associated transactions.


Making a contact nontaxable

You can exempt a contact from taxes while creating or editing them.

To set the tax preference of a new customer,

Contact Non-Taxable

Henceforth, the customer’s tax preference will be applied to all their associated transactions.

Note:

Click here to learn more about it.


Items, Item Groups & Composite Items

Associating tax to items

Items - Learn how to create items

Items Taxable

Item Groups - Learn how to create an item group

Setting the tax preference of an item group as Taxable will make all the items under this group taxable.

Item Group taxable

Composite Items - Learn how to create a composite item

Composite Item taxable

Making an item nontaxable

Note:

Items - Learn how to create items

Items Non-Taxable

Item Groups - Learn how to create an item group

Setting the tax preference of an item group as Non-Taxable will make all the items under this group non-taxable.

Item Group Non-taxable

Composite Items - Learn how to create a composite item

Composite Item Non-taxable


Sales Orders & Invoices

Tax Information in Sales Orders & Invoices](#tax-on-orders-and-invoices)

Tax Information in Invoice

Note:


Making an Item Non-Taxable on a Sales Order or an Invoice](#non-taxable-item-on-orders-and-invoices)

Non-Taxable Item in Invoice


Showing Tax Registration Number in Sales Transactions

Show Tax Registration Number Tax Registration Number on Invoice


Purchases

Taxes for Purchases


Additional Functions

BAS Report

This part can taken care by integrating your Zoho Inventory with Zoho Books. Click here to know more about generating BAS reports for your Zoho Inventory organization in Zoho Books.


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