Goods
and
Services
Tax
(GST)
What
is
GST?
Goods
and
services
tax
(GST)
is
a
broad-based
consumption
tax
charged
at
the
rate
of
10%
on
the
sale
of
most
goods
and
services
and
other
things
in
Australia.
GST
is
charged
at
each
step
in
the
supply
chain,
with
registered
businesses
including
GST
in
the
price
of
goods
and
services
they
sell.
For
GST,
a
sale
or
supply
includes
a
sale
of
goods,
lease
of
premises,
hire
of
equipment,
giving
advice,
export
of
goods,
and
supply
of
other
things.
A
purchase
includes
an
acquisition
of
goods
or
services
such
as
trading
stock,
a
lease,
consumables
and
other
things.
How
GST
works
If
your
business
is
registered
for
GST,
GST
is
included
in
the
price
of
most
goods,
services
and
other
things
you
sell
to
others
in
the
course
of
your
business.
These
are
called
'taxable
sales'.
There
are
other
types
of
sales
where
GST
is
not
included
in
the
price.
These
are
either
'input
taxed'
sales
or
'GST-free'
sales.
GST
may
be
included
in
the
price
of
purchases
you
make
for
your
business,
and
it's
a
good
idea
to
allow
for
it
when
setting
your
prices,
as
your
business
will
be
liable
for
GST
even
if
you
forget
to
include
it
in
the
price.
The
good
news
is
that
if
you
are
registered
for
GST,
you
can
generally
claim
a
credit
for
any
GST
included
in
the
price
you
pay
for
things
for
your
business.
This
is
called
a
GST
credit.
Tax
invoices
A
tax
invoice
is
a
document
that
records
the
sale
of
goods
or
services
and
complies
with
the
GST
law.
The
information
that
has
to
be
included
in
a
tax
invoice
is
- The
words
'Tax
Invoice'
clearly
stated
- The
name
of
the
seller
- The
ABN
of
the
seller
- The
date
of
issue
of
the
Tax
Invoice
- The
name
of
the
buyer
- The
address
or
ABN
of
the
buyer
- A
description
of
the
goods
sold
- For
each
description,
the
quantity
of
the
goods
or
the
extent
of
the
services
sold
- The
GST
inclusive
price
of
the
taxable
sale
- a.
When
GST
is
exactly
one-eleventh
of
the
total
price,
a
statement
such
as
'The
total
price
includes
GST',
or
b.
The
GST
amount
If
you
make
taxable
sales
with
a
GST-exclusive
value
of
more
than
$50
and
you
are
asked
to
provide
a
tax
invoice,
you
have
to
do
so
within
28 days
of
the
request.
For
this
reason
you
might
prefer
to
issue
all
your
invoices
in
a
form
that
satisfies
the
requirements
for
a
GST
tax
invoice.
You
must
have
a
tax
invoice
for
a
purchase
before
you
claim
a
GST
credit
in
an
activity
statement.
You
do
not
need
a
tax
invoice
to
claim
a
credit
if
the
GST-exclusive
value
of
the
purchase
is
$50
or
less.
However,
you
should
have
some
documentary
evidence
to
support
these
GST
credit
claims,
such
as
a
cash
register
docket
or
other
receipt.
Remember,
businesses
that
are
not
registered
for
GST
cannot
issue
tax
invoices
or
claim
GST
credits.
OZtion
Invoices
to
Winning
Buyers
OZtion
have
recently
made
changes
to
the
online
invoices
you
send
to
winning
buyers.
The
invoice
automatically
includes
the
words
Tax
Invoice
when
you
apply
GST
to
your
invoices.
As
a
seller
with
a
registered
ABN
on
OZtion,
your
Business
details
including
the
ABN
automatically
appear
in
the
top
right
hand
corner
of
the
Tax
Invoice
you
send
to
your
buyers
making
it
easier
for
you
to
have
the
correct
details
on
the
Tax
Invoice
you
send
to
your
buyers.
We
continue
to
value
your
feedback.
If
you
would
like
to
contact
OZtion
please
fill
in
the
Contact
us
form.
More
Info
about
Business
Accounts
Create
a
Seller's
Account
This
advice
is
of
a
general
nature
only,
and
does
not
take
into
consideration
your
personal
objectives,
financial
situation
or
needs.
Prior
to
acting
on
this
advice
you
need
to
consider
it
in
light
of
your
own
financial
situation
and
needs.
We
strongly
recommend
that
you
seek
the
assistance
of
an
accountant
or
contact
your
local
Australian
Tax
Office
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