Adding Item Branch/Plant Information for GST
Use the Sales Taxable (TAX1) and Purchasing Taxable (TX) fields on the Item/Branch Plant Info. form to indicate whether the inventory item is subject to GST outputs when sold and GST inputs when purchased. The system calculates GST on the item only if the customer and supplier are also taxable.
Note: Customers and suppliers are
identified as taxable if their tax area is GST and their tax explanation code is
V (GST applies).