Revision as of 04:36, 8 February 2016 by Panda Admin
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, click here for GST free portion calculation.