Goods and Services Tax (GST) is an overarching tax of 10% on most goods and services sold or consumed in Australia.
The two main interactions businesses have with GST are:
- Including the 10% GST in the price they charge for goods or services
- Claiming credits for the 10% GST included in the price of goods or services purchased or consumed by the business
Comments
0 comments
Article is closed for comments.