Must zero-rated purchases be reported in the GST return?
Yes. Zero-rated purchases should generally be included in the reporting of taxable purchases under Box 5 of the GST return even though GST is charged at 0%.
What are examples of zero-rated purchases?
Common examples of zero-rated purchases include:
Air tickets
Overseas call charges
Other purchases where GST is charged at 0% by a GST-registered supplier
Why must zero-rated purchases be reported?
Although no GST is charged on zero-rated purchases, they should still be reported to ensure complete and accurate GST reporting.
Which box in the GST return should zero-rated purchases be reported under?
Zero-rated purchases are generally reported under Box 5 of the GST return as taxable purchases.
