If a business is registered for GST and buys or sells overseas, this is what I do in their accounts;
I recommend creating a new tax code for all overseas transactions:-
You can therefore clearly distinguishing between GST FREE transactions and overseas transaction.
This would help you to check that everything had been properly allocated to GST FREE codes, and another way to help you identify the volume of business you are doing overseas.
With respect to the BAS, on the GST worksheet: –
- Overseas sales transactions should be allocated to G2
- Overseas purchases transactions should be allocated to G14