GST – completing your activity statement - Australian Taxation Office

07 COMPLETING THE GST LABELS ON YOUR ACTIVITY STATEMENTRemember to remove GST from the amount you reportat G10 if you are using the accounts method and havechosen to show your amounts as GST-exclusive.If you have imported capital items for your business, referto ‘Purchases and importations with special rules’ on page 30for information about other amounts to report at G10.For more information about purchases of capitalitems, refer to:n GST and motor vehiclesn GST and the disposal of capital assetsn GST credits for businessFor more information about quoting your ABN onan importation of a luxury car, refer to Luxury car tax(NAT 3394).Purchases for $1,000 or lessG10 (and G11) require you to separately report your capital andnon-capital purchases. If you already record these purchasesseparately in your records, use this existing breakdown to fillin the G10 and G11 labels. If you do not record capital andnon‐capital purchases separately and your GST turnover isexpected to be less than $1 million then:n you only need to record capital items costing more than$1,000 at G10 (capital purchases)n capital and non capital items costing $1,000 or less canbe recorded at G11 (non-capital purchases).28