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mark-opts-com-au
Level 1
posted
‎March 24, 2024 09:14 PM
last updated ‎March 24, 2024 3:14 AM

I need to assign tax code for a subcontractor who does not charge gst. Do I assign gst free, BAS W1 or BAS W2

 
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1 Comment 1
IntuitSheila
Level 8
‎March 25, 2024 11:19 AM

I need to assign tax code for a subcontractor who does not charge gst. Do I assign gst free, BAS W1 or BAS W2

Hello mark-opts-com-au,

 

Thanks for posting in the Community!

 

If you do not assign a tax code for a subcontractor in QuickBooks Online, you can set the tax code of the transaction to Out of scope. That way, transactions coded with Out of scope will not be reported in your Business Activity Statement (BAS). Whereas transactions coded with GST free, the transactions are reported to your BAS.

 

I recommend also contacting your accountant to get more information on what is the best tax code to assign with your subcontractor. Check out this link to learn more about Simpler GST FAQ.

 

Drop by again in the Community if you have further concerns. 

 

 

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