Friday Oct 11, 2019

GST – IN SIMPLE TERMS

Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia.

Generally, businesses and other organizations registered for GST will:

  • include GST in the price they charge for their goods and services
  • claim credits for the GST included in the price of goods and services they buy for their business.

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