We have a bakery business which is selling our flour mix as well as baked goods.
Flour mixes
and
Breads
are GST/Tax exempt and
Sweet Things
/
Pastries
have 10% GST applied as they are "manufactured.
There is NOTHING on that site that currently differentiates on a GST basis until now when the accountant informed me we needed to make a change. Those needing GST have that included in the price and those that don't are priced accordingly. The issue is that the reporting into Xero needs to differentiate between the two
I was cogitating last night and realised I need two tax rates
- GST - 10%
- No GST - 0%
Each item then has one or the other tax applied.
Challenge will then be to edit the reports to differentiate.
My initial question here was to see if any Aussies had been in a similar position and how they successfully resolved the issue.
Hopefully that's a bit clearer and useful to assist.
Thanks Philip