Hi
Just after some advice on how to proceed.
Currently my business isn’t registered to pay GST so I issue invoices that just say “Invoice” and I don’t have any Tax Codes added into Manager.
Now, I need to purchase an item from a company that charges GST and I am selling the item to one of my customers who also pays GST. The company I am purchasing the product from requires a Purchase Order so I have created a PO in Manager and added the item into the PO excluding GST.
So I’m wondering what to do with the GST? Should I add the GST as a separate line item to the Purchase Order?
Also when I come to sell the item to my customer should I be charging him the GST? I’m sure he will want to claim GST credits on the item. If so how can I do it?
Thanks for any help