As a part of my business every now and then I sell a solar system.
Solar systems are intiteled to a STC discount which i collect on behalf of the customer.
For instance Solar system costs $10000 inc GST. $909 of GST
I give the discount to the customer of let say $4000 that is a gst free discount as the STC are paid to me on behalf of the custome who is not GST registered.
They pay $6000 which includes GST of $909.
Later the STC company pays me the STC money which I claim as GST free income and use the FRE as a dicount on the customer invoice and when I recieve this money.
When preparing my BAS I would assume my GST free sales would be the money that the STC trader pays me. In this case its abour $7000 so on the BAS form I would have though I use this figure but when I run the report it says its only like $300 so not exactly sure why it would do this.
When I write the invoice to the customer I have a line that tells them what they get
Then a line that has a negative number which is the discount.
Am I doing something wrong or does MYOB have it figured out correctly.
I am in urgent need as the BAS was due on the 28th and I still havent done it.
Cheers
Cameron