Tax Code : Out of Scope purchases, OP

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Refers to supplies which are outside the scope of the GST Act and GST is therefore not chargeable.
In general, they are transfer of business as a going concern, private transactions, third country sales (i.e.buy and sale of goods from a place outside S'pore).

 


 

   This tax code is pre-set and user is not allowed to make any changes.

 

At GL payment , use OP to record Inter-bank transfer

 

At Payroll module, use OP to record Individual staff monthly salary

As at 08/04/2014 - changed tax code OSP to OP


 

Related Topics

Purchases - Out of scope

 

Inter-bank transfer SGD to USD use OP

 

 

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