[Verse 1]
Three buckets sort your business dealings clean
Taxable supplies collect the government's green
Standard rated goods at thirteen percent or five
Input credits keep your cash flow alive
But exempt means zero tax upon your sale
No credits claimed, that's where merchants pale
[Chorus]
TEZ - Taxable, Exempt, and Zero-rated
Three categories, never complicated
Taxable earns credits, Exempt gets none
Zero-rated wins both battles, two for one
TEZ - know your supply classification
Determines your credit calculation
[Verse 2]
Financial services dance the exempt waltz
Loans and insurance, complex somersaults
Healthcare healing, education's mind expansion
Childcare nurturing gets exemption's mansion
No GST charged but credits disappear
Mixed suppliers calculate with career fear
[Chorus]
TEZ - Taxable, Exempt, and Zero-rated
Three categories, never complicated
Taxable earns credits, Exempt gets none
Zero-rated wins both battles, two for one
TEZ - know your supply classification
Determines your credit calculation
[Verse 3]
Exports sailing to foreign destination shores
Zero-rated treasures, credits through the doors
Basic groceries feeding hungry nation
Prescription medicines, zero-rated salvation
Medical devices, books for learning minds
Zero rate paradise, the best deal that binds
[Bridge]
Real property riddles twist and turn around
New homes taxable on virgin ground
Used residential buildings skip the tax
Commercial spaces follow different tracks
Assignment sales and builders' grand designs
Read the legislation's twisted lines
[Chorus]
TEZ - Taxable, Exempt, and Zero-rated
Three categories, never complicated
Taxable earns credits, Exempt gets none
Zero-rated wins both battles, two for one
TEZ - know your supply classification
Determines your credit calculation
[Outro]
When supplies blur between the boundary zones
Mixed use formulas, mathematical bones
Input tax credits hinge upon your choice
Let classification be your guiding voice
TEZ forever, burned into your brain
Tax efficiency, maximum gain