Difference between revisions of "GST Free"

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(Created page with " Here are some examples when you might code something as GST free. *Bank charges *Payments to suppliers who have an ABN but are not registered for GST *Interest expense *GST...")
 
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*GST free food items and other free items under the act
 
*GST free food items and other free items under the act
 
*Overseas expenses where the total GST is not paid via the customs agent
 
*Overseas expenses where the total GST is not paid via the customs agent
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There may be occasions where a component of an invoice is GST Free but is not itemised and you need to calculate it manually, [bookkeepingpedia.com.au/wiki/index.php?title=GST_Free_Portion_Calculation click here] for GST free portion calculation.

Revision as of 04:30, 8 February 2016

Here are some examples when you might code something as GST free.

  • Bank charges
  • Payments to suppliers who have an ABN but are not registered for GST
  • Interest expense
  • GST free food items and other free items under the act
  • Overseas expenses where the total GST is not paid via the customs agent

There may be occasions where a component of an invoice is GST Free but is not itemised and you need to calculate it manually, [bookkeepingpedia.com.au/wiki/index.php?title=GST_Free_Portion_Calculation click here] for GST free portion calculation.