Normal GST

Use this option to have the program calculate GST for items sold or purchased with this particular combination of business posting group and product posting group code.

Reverse Charge GST

Use this option when you trade with other countries/regions within the EU where the purchaser must calculate and settle GST accounts with the tax authorities.

Also remember to fill in the Reverse Chrg. GST Acc. field.Selecting this option has no effect on your company's financial statements. When you sell goods with reverse charge GST, you neither calculate nor withhold GST. When you purchase goods, the program will calculate the GST amount, debit the Input Tax Credit account and credit the reverse charge GST account.

Full GST

Use this option when the amount you want to post that has this particular combination of GST business posting group and GST product posting group consists entirely of GST. This option can be useful if, for example, you make a corrective entry in order to correct a GST calculation error.

US Sales Tax

This option is only used if the program must handle US sales tax instead of GST.