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Post Info TOPIC: GST Tax codes
chrissi


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GST Tax codes
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Hi Guys,

I have come across a few GST Tax codes that I'm not very familiar with and I need to enter them in to MYOB,

CAF - Capital Asset GST Free - 0%

NTD - Non-tax Deductable - 0%

NIF - Negative income GST Free - 0%

I need to know the tax type, and linked accounts that go with each can anyone help me PLEASE!!!

I have attached an image of a GST Tax code that has already been set up so you know what I mean.

Any help would be greatly appreciated



Attachments
NIG.docx (19.5 kb)
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Christine morrow
ICBUK


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Hi Chrissi,

This is a UK based forum so you may not find much knowledge on GST etc, you could try the Austrlian ICB forum at http://my.icb.org.au/forum.aspx



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nikita_rai


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GST tax codes are used to identify the type of supply being made and the applicable tax rate. These codes are used for filing GST returns and for claiming input tax credits. Each code corresponds to a specific type of supply or transaction.

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CGST Act 2017, GST Notifications, GST Rates, GST news update, GST Rules
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