3A Accounting System

Sunday, March 22, 2015

GST Input Tax Code Infographic

Input tax is the GST incurred on any purchase or acquisition of goods and services by a taxable person for the purpose of making a taxable supply in the course or furtherance of business.

There are total 13 different types of GST Input Tax Code that you will need to learn how to use in your business.

The infographic below depicts and summarize GST Input Tax Code of your understanding.

You could refer to the summary table of Input tax from here.

You could also refer our article on the accounting entry for input tax and its implication to Balance Sheet & Profit and Loss, and also GST03 report.

Output Tax Code Infographic.

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