Solved
0 GST vs GST FRE
If a receipt has GST: $0.00 , should you code to FRE or just change the GST to zero manually. Or does it not make any difference.
Hi b555
It depends on how that transaction is to be reported. If the transaction is required to appear against the GST Free tax code for your activity statement/internal reporting then you should be using that FRE or zero-rated tax code.
I would recommend speaking to your accounting advisor about the appropriate tax code for your transactions to meet your reporting obligations.
