The GST Guide - The Belize Department of General Sales Tax

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4. Buyer’s TIN - Taxpayer Identification Number of the buyer (sales tofinal consumer will not have a TIN)5. Value of Standard Rated Supplies - includes sales for all standardrated supplies made during the month to all persons, this value is exclusiveof GST6. Value of Zero-Rated Supplies - if the supplies were zero-rated, theninsert the total value of zero rated supplies from the invoice7. Value of Exempt Supplies - if the supplies were exempt, then insertthe total value of exempt supplies from the invoice8. Total Supplies - is the total for all sales (standard rated, zero ratedand exempt sales ) excluding the GST9. GST (charged on all standard rated sales to all persons) - the amountof GST38
APPENDIX 2 – SAMPLE FORMAT OF THE PURCHASE LEDGERTIN:Tax Payer Registered Name:Purchase Ledger for the Month of: ______________________InvoiceDateInvoice#Supplier’snameSupplier’sTINValue ofImports(GSTexcl.)Value ofStandardRatedPurchases(GSTExcl.)Value ofZeroRatedPurchasesValue ofstandardratedsupplies(excludingGST)sales toregisteredpersonsGSTPaid onimportsat 12.5%VGSTPaid onDomesticTaxablePurchasesTotalInput Taxat 12.5%(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)TOTALSLine# onGSTReturn200 210 220 230 240 250 270Instructions• Each line represents one tax invoice or one import declaration (e.g.if there were 123 purchases during the month, then there would be123 line entries)• Credit and debit notes can be maintained in a separate table1. Date - insert date of the transaction2. Invoice number - insert the specific invoice number of the transaction3. Supplier name - name of the person who supplied the goods39
Page 2: GST 300TheGSTGuide
Page 5 and 6: Chapter 12 Obligations of a Registe
Page 8: HOW THE GST WORKSGST chargedon sale
Page 11 and 12: CHAPTER 2GST ON SUPPLY2.1 GST is ch
Page 13: CHAPTER 3REGISTRATION3.1 Compulsory
Page 16 and 17: CHAPTER 4CHARGING GST4.1 A register
Page 18 and 19: (a) Where supplies are made under a
Page 20 and 21: CHAPTER 5ACCOUNTING FOR GST (SECTIO
Page 22 and 23: 5.6 Adjustments to Output TaxThere
Page 24 and 25: CHAPTER SIXGST RETURNS, PAYMENTS AN
Page 26 and 27: CHAPTER SEVENASSESSMENTS7.1 Assessm
Page 28 and 29: CHAPTER EIGHTAMMENDMENT OF AN ASSES
Page 30 and 31: Examples of the books and records i
Page 32 and 33: (e) an identifying serial number an
Page 34 and 35: Remember that to claim GST, it is n
Page 36 and 37: CHAPTER ELEVENOBJECTIONS AND APPEAL
Page 38 and 39: 12.5 Payments (Section 35(1), GST A
Page 42 and 43: 4. Supplier TIN - Taxpayer Identifi
Page 44 and 45: NOTES:In this section of the form y
Page 46 and 47: 210 Value of Domestic Standard Rate
Page 48: 390 Total GST PaidAdd the figures e

The GST Guide - The Belize Department of General Sales Tax

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