Inventory
Good faternoon, i work for a company which press MDF and laminate sheets ( raw materials ) to make final product, now for some of the products we will ask another company to press them for us, we wi...
Forum Discussion
Hi Mike
Thank you for your help, could you assist me with below questions please?
1-when i create PO about Raw Material should i ionclude GST?because i use two material to Build the finished product one MDF which has GST and the other one laminate sheets( which will be pressed on MDF) which we buy from oversiese and are GST free.
2-when i add line for pressed sheets at a cost of the raw sheet plus $21/sheet, the gst ? In this case Gst appliyes to cost of the raw material too.
thank you so much for helping me out.
Hi Jo2014 , if your business is claiming the GST content, then the amounts on your purchases should be net of GST, then add the GST at the bottom. (Untick the GST flag at the top of the purchase window to see your line amounts as GST-exclusive).
thank you so much i really appriciate your help.
