Reach is the only Accounting Software which is customised to suit 18 different business end to end.
There are situations where the GST Act provides that a supply has taken place even
though no goods or services have been supplied and / or no consideration has been paid
For GST purposes, these supplies are known as deemed supplies.
Common examples include gifting of goods purchased from GST-registered suppliers
which cost over $200 per gift and disposal of business assets for no consideration.
The value of the deemed supply and the corresponding output tax must be reported in the