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Navigator > Setup > Goods and Services Tax > Change Tax Basis
The Tax Basis can be set in the Tax Regime Settings form, up until any AR, AP, CB or GST transactions. Once transactions have been entered, the Tax Basis can only be changed using this form.
Tax basis change adjustment transactions are created with Transferred to GL set to True. This is because the timing of the change affects the timing of when tax is due to be filed or paid. It does not affect when it is applied to the GL, which is on an Invoice or Accruals bases.
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Regime |
Select the Regime to change the Tax Basis for. |
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Effective Date |
Select the date to make the change effective from. This must be the start date of a tax return after the current tax return. |
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Old Tax Basis |
The existing Tax Basis. Read Only. |
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New Tax Basis |
Select the Tax Basis to change to. |
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Buttons |
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Apply |
Apply the change of Tax Basis to the Regime. |
Note: The Tax Basis change must be made while the last return on the Old Tax Basis is not Completed. For a change from Payments/Cash basis to Invoice/Accruals basis GST Adjustment will be calculated in the final Old Basis tax return, which will affect the GST Refund or GST Payable for the return.
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