Prepare activity statement - wine equalisation tax (WET)
This section allows you to record details of your wine equalisation tax (WET) obligations for your activity statement.
You need to complete this section if you make taxable dealings with wine or are claiming WET credits.
A taxable dealing is an assessable dealing for which no exemption is available.
Do not complete this section if you are paying GST in instalments as previous WET figures have been included in calculations to determine the amount advised.
If you are using option 3 and paying an instalment amount, you will be required to report WET payable (1C) and WET refundable (1D) each year when you lodge your Annual GST return.
Do not include any decimal point or cent amounts, round values down to the nearest whole dollar amount. So instead of $124.75 enter $124 only.
For information on completing this section, select from the options below:
Screen fields
1C Wine equalisation tax payable
Enter the total WET amount that you are liable to pay in the current reporting period. Find out how much to pay.
1D Wine equalisation tax refundable
Enter the total amount of WET refundable. WET credits will help to determine when you can claim a WET credit.
Screen buttons
Cancel
Selecting Cancel will return you to the Activity statement list screen. If you choose this option all of the data you have entered will be lost.
Save and continue
Selecting Save and continue will save the details you have entered for this activity statement and returns you to the Prepare activity statement screen. The amount will be transferred to 1C and 1D on the activity statement.