Things to check when completing your GST Return

Review these items when you're compiling your GST Return to help you ensure it's correct.

Have you saved your last GST Return as final?

Saving your GST Return as final locks it in Xero. Make sure your previous period's GST Return is saved as final before you work on this period's return.

Save your GST Return as final

Have you reviewed the GST Audit Report?

Review the GST Audit Report to check:

  • All transactions you expect to see in the return are included.
  • There are no transactions in the return which shouldn't be there. For example, an incorrectly dated bill or invoice.
  • All transactions have the correct GST rate. For example, there shouldn't be any sales transactions with a tax rate of GST on Expenses.

The GST Audit report

Have you included late claims?

If you approved, edited, voided or deleted transactions in Xero after you finalised the GST return for that period, you can choose to include these transactions as late claims on your current GST return. Review these transactions on the Late GST Claims report.

Late GST Claims report

Have you coded transactions directly in the GST account correctly?

When you code a transaction directly to the GST account with the tax rate 'No GST', Xero:

  • Excludes the transaction from the GST Return
  • Includes the transaction in the GST Reconciliation report in the section GST Account Transactions

Check with your accountant or bookkeeper that you've coded transactions to your GST account correctly.

Image showing GST payment to IRD.

Have you paid GST on an imported purchase?

Use the tax rate 'GST on imports' when you pay GST on an imported purchase, so Xero accounts for the GST correctly.

Account for GST on imports in Xero

Have you coded manual journals correctly for GST?

Review all manual journals for the period to ensure GST is correct.

View manual journals

(Payments basis) Have you selected to show manual journals on cash basis reports?

If you want Xero to include the GST from a manual journal in your GST Return and GST Reconciliation report, make sure you select Show journal on cash basis reports on your journal.

Add or edit a manual journal

Image showing manual journal with GST and check box checked.

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