For each contractor, you need to report the following details each financial year:
•ABN, if known
•name
•address
•gross amount you paid for the financial year (this is the total paid including GST)
•total GST included in the gross amount you paid.
The details you need to report will generally be contained in the invoices you receive from your contractors.
Payments you do not report
Payments for materials only - You are not required to report on payments where the invoices are for materials only, such as building supplies and materials.
Unpaid invoices as at 30 June each year - Do not report any unpaid invoices as at 30 June each year. For example, if you receive an invoice in June 2012, but you do not pay that invoice until sometime in July 2012, you report that payment in the 2012-13 Taxable payments annual report.
Pay as you go withholding payments - You do not report payments that are required to be reported in a Pay as you go (PAYG) withholding payment summary annual report or a Pay as you go (PAYG) withholding where ABN not quoted annual report.