• GST types

    GST type GST portion
    (B) Business 15% all sale & purchase items that are liable for GST such as stock transactions, accountancy fees and dog expenses
    (E) Exempt null goods and services which are not subject to GST such as interest, bank fees and wages
    (P) Personal null items that are of a personal nature such as drawings, a portion of house electricity, family education
    (Z) Zero-rated 0% Exported goods, land transactions

    At any time you can allocate any of these GST types to a category or extended code, or while coding a transaction.

    An additional GST type, (A) All, can be used while coding a transaction.

    For more information have a look at IRD website About GST.

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