How to Use the New 0% GST Rate in Biztory (New Vers.)

Due to the new announcement regarding amendment of GST tax rate to 0%, business owners are required to change their product's tax code to SR-0 with 0%. Total value of supplying these products will be recorded under column 5(a) in GST-03 form. As for input tax, TX will be changed to TX-0.

1. Click on GST Settings

2. Click on Update Product Tax Code. This will change all your SR/ZRL/ZRE/DS product to SR-0 and all TX/ZP/IM/BL product/expenses categories to TX-0

(This will also set your default supply/purchase tax code to SR-0 and TX-0)

3. Click on Save

Alternative 1: If you prefer to select which product's tax code to change, you may follow the method below:

4. Go to Product/Services and select 'Product/Services'

5. Click on Add New or Edit

6. Change the GST Tax code to SR-0

7. After filling in the product details, click on Save

8. To issue and invoice, click on Sales and select 'Sales Invoices'

9. Add a new Sales Invoice

10. Now, when issuing an invoice, the product will be assigned SR-0 with a 0% rate 

(Similarly, you can update the input tax code to TX-0)

Alternative 2:

For Expenses category, you may also create the same category again with another tax code

11. Click on Expenses

12. Click on Add New

13. Then you can choose between tax code TX or tax code TX-0

(Be sure to assign them to the same Associated Account for proper bookkeeping)