• elax
  • Senior Member
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  • From: UK
  • Registered: 05/17/2011
  • Posts: 326

Topic: GST vs VAT

Hinu
I was wondering if GST is US equivalent of VAT (in the FA world). I mean there is no field to set the VAT number of a company or a customer in FA, but there is a GST one. Is it the same ?

I need my VAT number and the customer one on the invoice.

Regards
/Elax

  • joe
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  • Registered: 03/15/2007
  • Posts: 5,107

Re: GST vs VAT

the VAT and GST is the same and maybe used a bit confusing in FA. But you use these fields for your Company Tax Id and Customer Tax Id.

These fields are printed on the Sales Invoice.

/Joe.

  • rodw
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  • From: Australia
  • Registered: 03/01/2010
  • Posts: 115

Re: GST vs VAT

elax wrote:

Hinu
I was wondering if GST is US equivalent of VAT (in the FA world). I mean there is no field to set the VAT number of a company or a customer in FA, but there is a GST one. Is it the same ?

I need my VAT number and the customer one on the invoice.

Regards
/Elax

If you are based in Australia, there is a General ledger and an Australian Language which will set everything up and use the correct terminology on invoices etc for you.

Rod

[b]RodW[/b]
Brisbane, QLD, Australia
  • elax
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  • From: UK
  • Registered: 05/17/2011
  • Posts: 326

Re: GST vs VAT

Thanks very much
(btw I'm in the UK )

  • Registered: 03/10/2012
  • Posts: 1

Re: GST vs VAT

hye there, can I ask what theory and model that involve in this GST?

  • joe
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  • Registered: 03/15/2007
  • Posts: 5,107

Re: GST vs VAT

Please read about Tax, GST or VAT (it is the same under different names) in the Wiki, https://frontaccounting.com/fawiki .

/Joe