Australian Business Forum  

Go Back   Australian Business Forum > General Business Discussion > Tax and Legal Discussion

Tax and Legal Discussion Having problems with taxation and the law? Ask for help here.


Reply
 
LinkBack Thread Tools
Old 06-05-08   #1
Junior Member
 
Join Date: May 2008
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Rabbit is on a distinguished road
Default what are the GST (good and services tax) features?

what are the GST (good and services tax) features?
Rabbit is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit!
Reply With Quote
Sponsored Links
Old 07-05-08   #2
Junior Member
 
Join Date: May 2008
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Undertaker is on a distinguished road
Default what are the GST (good and services tax) features?

its main feature is to get more money out of the regular people
Undertaker is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit!
Reply With Quote
Old 07-05-08   #3
Junior Member
 
Join Date: May 2008
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
albertg is on a distinguished road
Default what are the GST (good and services tax) features?

The GST Laws are quite substantial, but the general features would be that most goods and services in Australia carry a 10% GST, meaning that a good or service that a business supplies for say $100 has a GST amount of $10, so you end up paying $110. The business is then required to submit the $10 to the ATO. The GST ends up being a tax on the end consumer as businesses are able to claim back the GST they have paid on their expenses to offset the GST they have collected. Some goods and services are free of GST such as food items and medical services to name just 2.
albertg is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit!
Reply With Quote
Reply

Tags
features, good, gst, services, tax

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT +11. The time now is 10:36 PM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.2.0