Land sales between GST registered entities are generally compulsorily Zero Rated. I guess this idea hasn't got many votes because we've been resigned to having to work around it for the last 10 years. It creates a hidden pitfall to the GST return process which is often performed by less technical staff; I've had to amend more than a few GST returns directly because of this. We must be able to assign the Zero Rated Tax Rate to Fixed Asset codes. This isn't a feature, it's a bug to be patched.
Land sales between GST registered entities are generally compulsorily Zero Rated. I guess this idea hasn't got many votes because we've been resigned to having to work around it for the last 10 years. It creates a hidden pitfall to the GST return process which is often performed by less technical staff; I've had to amend more than a few GST returns directly because of this. We must be able to assign the Zero Rated Tax Rate to Fixed Asset codes. This isn't a feature, it's a bug to be patched.