GST: What is the difference between tax code TX-S and tax code TX-Z

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Question: What is the difference between tax code TX-S and tax code TX-Z?


Answer:

TX-S is used for Goods and services purchased from GST registered suppliers and directly attributable to taxable supplies (standard rated).


Tx-s vs tx-z 1.png


TX-Z is used for Goods and services purchased from GST registered suppliers and directly attributable to taxable supplies (zero rated).


Tx-s vs tx-z 2.png


By:Mei 170804, KM 170808, P170810


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