12 GST For Sales
From TrueERP wiki
GST For Sales
What tax codes are used for sales?
Australian Users of ERP need to account forGST on sales and purchases. It is important to remember that ERP uses different Tax Codes for GST on different transaction types. It is critical that you understand which Codes to use or your reports for BAS and other financial reporting will not be accurate.
Tax codes for sales are as follows:
- EXP GST Free Exports
- FRE GST Free Supplies
- GST Supplies Including
- GST INP Input Taxed Sales
