Which is how GST works here in Aus.
The problem I am having is a recurring one where tax isn’t at 10% of the total exclusive price and entering a 5 second invoice can take quite some time in trying to get the prices to marry up. Yes, I know the supplier should indicate which part of the supply is tax inclusive or not, but not all of them do. And calling overseas call centres trying to discuss local tax problems so far has never resolved the issue. This includes insurance companies and utility services as well as others.
I know the general answer is I should be understanding every part of my invoice and where each and everything is attributed, as we’ve discussed it before. Whilst I would generally agree and when time permits I can spend all day on it getting it right, but at the end of the day, when my gas bill ex-gst is $500 and gst is $40, I really don’t care how it’s divided. I just want my tax credit to count and count accurately. My gas service and/or whatever component of my gas for GST purposes is $400, the other $100 is still 100% relevant to the supply of my gas and nothing else. I don’t need accounts for
gas-special fee… it’s just
Currently the only way is to create a pseudo tax-exclusive component line item. Some bills are easy to work out, some aren’t. Eventually I worked out why it was the case on the gas bill, but in reality, I don’t care. It’s all to do with the supply of gas, or bank services, or whatever. When they tell me they collect $45 GST it would be real handy to be able to work that out and get it correct on the one screen.