0 GST vs GST FRE

[b555]

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. 

[Steven_M · Accepted solution]

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.