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Double negative Terry - so is he right?

Setting up a company to undertake the development doesn't make sense (with the details provided) - why can't you just get an ABN & register for gst? Total revenue: $2.7m incl gst, gst collected = 1/11 x $2.7m = $245k GST paid (construction) = 1.05m x 1/11 = $95k GST Payable = $150k Gross...