Do you have a bill to pay for your business and you’re not sure how the GST works on the stamp duty part of the expense?
Are you also wondering how to account for the transaction in Xero so the right information goes through to your BAS return?
Because stamp duty is outside GST law, you need to make sure that no GST flows through to your Activity Statement for the stamp duty you’ve incurred on any expenses you pay.
Check out our video to find out how to code your bills and spend money transactions in Xero to ensure the stamp duty portion of the transactions do not include GST.
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