Home Forums Money matters If I am not GST registered…Do I include GST component in my expenses? Reply To: If I am not GST registered…Do I include GST component in my expenses?

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BradTurville
Member
  • Total posts: 55

Hey there,

If you are not registered for GST then you will not include or account for it. Also you will not need to lodge any GST details via an activity statement.

In Xero, if you go Settings > General Settings > Financial Settings
Under Activity Statement Settings your GST Accounting Method should read NONE and your GST Calculation should read NONE.

Also, all of your Chart of Account codes should read: BAS Excluded, so when you reconcile you don’t have to change the Tax Rate.

My understanding is that if I am not eligible to charge customers GST, then I can’t claim GST credits from Tax Office.

Correct, you do not apply GST to your sales and inturn you cannot claim back any GST on purchases.

Do they still need to give me refund for the GST I have incurred so far?

No.

Let me know if that helps