What is invoice level GST exemption and item level GST exemption?
Invoice-level GST exemption
GST exemption at the invoice level applies to the entire invoice. If the total invoiced amount falls below the set threshold, the invoice qualifies for GST exemption, and no GST will be charged.
Item-level GST exemption
Item-level GST exemption applies to specific line items in the invoice. GST will not be charged on the exempted items, but it will be applied to other taxable items within the same invoice.