Hi all
I haven't come across this situation before.
I have an invoice for more than $420 from a company that is not registered for GST because their earnings are under $38k.
My question is do I account for GST at 1/9 of the value of the invoice or treat it like Bank fees that do not attract GST? The invoice does not show GST as being paid.
Thanks in advance.
I haven't come across this situation before.
I have an invoice for more than $420 from a company that is not registered for GST because their earnings are under $38k.
My question is do I account for GST at 1/9 of the value of the invoice or treat it like Bank fees that do not attract GST? The invoice does not show GST as being paid.
Thanks in advance.
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