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

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

By:Mei 170804, KM 170808, P170810

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