The GST Guide - The Belize Department of General Sales Tax

210 Value of Domestic Standard Rated PurchasesEnter the value of domestic standard rated purchases made fromother registered taxpayers for which you received a tax invoice forthis period.220 Value of Domestic Zero Rated Purchases – Enter the totalamount of purchases that is subject to the zero-rate made by youduring the taxable period.230 Value of Domestic Exempt Purchases – Enter the totalamount of purchases that are exempt from GST in this period240 GST Paid on ImportsEnter the total amount of GST paid to the Comptroller of Customsfor all imports during the tax period (this can be obtained by addingall the GST on all customs entries).250 GST Paid on Domestic Taxable SuppliesEnter the total amount of GST paid or payable to other registeredtaxpayers for which you received a tax invoice during the period,whether or not you have actually paid the amount on the invoice;this can be obtained by adding all the GST paid on such invoices.260 GST on AdjustmentsIf you have received a debit note from a registered taxpayer for GSTshort paid, or have issued a credit note to a registered taxpayer forGST overpaid, enter the amount of the GST only from the debitnote(s) and the credit notes(s) on line 240.270 Total Input TaxAdd the figures entered on lines 240 to 260 and enter this total online 270.Computation of Tax Payable or Excess Input Tax (lines 300-420)44Note: This section has been separated into two parts. Lines 300to 390 allow you to calculate your GST payable for the period. Theother part, lines 400 to 420 allow you to compute any credit thatcan be carried forward to the next period.