Your business can claim GST if it is GST registered. For more information I recommend you search the Australian Taxation Office website.
www.ato.gov.au
It can be pretty complex for businesses. At CEI we reclaim Aussie GST regularly for business. We'd be happy to answer questions.info@cei-vat.com
Are you referring to GST (Goods and Services Tax) which is a tax on some goods (not primary produced goods) and services (if the entity is registered for GST)?
GST outlays is an asset and represents GST paid to out firms for goods and services. this account is offset agaisnt GST collections (liabilities)
ex = not including GST = Goods and Services Tax Example: Price $10 ex GST, 10% GST rate GST tax on $10 is 10% of $10 = 1$ Total Price is $10 + $1 = $11
GST is first applied ,then PST.
GST payable is the amount of GST incurred by other parties, to be offset against GST receivable. GST receivable and GST payable are used to determine the amount of GST a business can claim. this occurs when you purchase something.
GST is fun
No you don't. At least not in Australia.
1st of july 2000
The GST was introduced by John Howard.
When the GST was introduced, after we were told it would not be, we were promised it would remain at 10%. At present, it is still 10%.
Are you referring to GST (Goods and Services Tax) which is a tax on some goods (not primary produced goods) and services (if the entity is registered for GST)?
No.In Australia the GST (Goods and Services Tax: 10%) covers scrap metal.However, if you are not registered for GST, your sale of second-hand goods (like scrap metal) will not be subject to GST. If you are registered, GST will apply when you sellsecond-hand goods.In other words, a dealer can buy scrap metal from you without paying you GST (because you have no way of passing it on to the Tax Department, luckily!).
GST registration process GST registration eligibility GST registration documents GST registration requirements GST portal registration GST registration application GST registration form GST registration fee GST registration number GST registration status GST registration update GST registration amendment GST registration cancellation GST registration renewal GST registration certificate GST registration guidelines GST registration timeline GST registration verification GST registration online GST registration offline GST registration for businesses GST registration for individuals GST registration for exporters GST registration for importers GST registration compliance GST registration penalties GST registration audit GST registration queries GST registration helpline GST registration assistance
GST is always passed on to the user of the service. Although GST may be applied to the invoice, this can be claimed back.
The Goods and Services Tax in Australia is 10% on any goods and services that you buy. Fresh food is exempt from this tax
38c/l + 10% GST at each point of sale.
A new 80GB iPod Classic in Australia is priced at A$349 RRP in GST. The iPod Touch and Nano do not come in 80GB versions.