Cost of Goods Sold (Project Cost) GST Tax Code

let say we have project to supply computer room complete with computers to company A and charge a contracted amount of 300,000 (gst inclusive)

but in order to complete the contract we need to do renovations and also  buy computers from suppliers B & C

so suppliers C charge us 106,000 (gst inclusive) for computers

is the entry for purchase invoice like this so we can claim input tax?
Dr. cost of goods sold/project cost 106,000 – TX-S
Cr. supplier B TX-S

Asked on December 11, 2018 2018-12-11 15:51:03 Business (商家)
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1 Answer(s)

Yes correct.

Answered on December 13, 2018. 2018-12-13 08:06:21
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