Search results

Is there any benefit of not being registered for GST? After doing some research, it looks like registering for GST is the way to go as I cannot see any benefit of not being registered. If someone is registered for GST, at least he can claim GST back.

Hey mike, sorry made a mistake and I edited the above post..

Ok, Let me summarize my understandings. I've an ABN number and UNREG for GST. (i) I quoted for a job and on my quote the total is $12k. (Is it correct that on my quote I need to put total as $12k Excl. GST? ) (ii) I invoiced the company $12k Excl. GST and received the money. Now I need to...

Now I am getting confused. Do I have to pay tax on the $12x? or I pay tax on only what is left for me? $2x?

I have a full time 5 figure job and this is just a side thing and the turn over will be less than $75k.

Hi all, I just registered myself for an ABN number and got my first job from a company. However, I'll use sub-contractors to get the work done. One of the contractor is registered for GST. Let say I quoted the job for $12x and the company will pay me that amount. Then: (i) $5x...