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-   -   Help with GST please (https://britishexpats.com/forum/australia-54/help-gst-please-487548/)

NewOZ Oct 15th 2007 5:47 pm
Help with GST please
 
if a Client will pay $44 per hour including GST to the Agent and the Agent will pay $33 per hour including GST to the Contractor,
in this case will the agent pay GST the government for the $44 or for $11 ?
i.e. will the Agnet pay $4 per hour GST or Just $1 per hour GST

Shakmaty Oct 15th 2007 5:55 pm
Re: Help with GST please
 
Originally Posted by NewOZ (Post 5430326)
if a Client will pay $44 per hour including GST to the Agent and the Agent will pay $33 per hour including GST to the Contractor,
in this case will the agent pay GST the government for the $44 or for $11 ?
i.e. will the Agnet pay $4 per hour GST or Just $1 per hour GST
If the client pays the cash to the agent, then the agent is liable for all the GST, ie $4. But when they pay the contractor, the amount including GST will be offset at reconciliation time.

Wendy Oct 15th 2007 5:59 pm
Re: Help with GST please
 
Originally Posted by NewOZ (Post 5430326)
if a Client will pay $44 per hour including GST to the Agent and the Agent will pay $33 per hour including GST to the Contractor,
in this case will the agent pay GST the government for the $44 or for $11 ?
i.e. will the Agnet pay $4 per hour GST or Just $1 per hour GST

Invoices or Receipts will have been collected by each person or business over the course of their accounting period. Any GST paid out will be deducted off the amount of GST charged to determine that persons or businesses GST liability over the period.

So you pay or claim GST on the amount you charge or are charged. What any of your suppliers or clients charge has nothing to do with it.

Wendy Oct 15th 2007 5:59 pm
Re: Help with GST please
 
Originally Posted by Shakmaty (Post 5430335)
If the client pays the cash to the agent, then the agent is liable for all the GST, ie $4. But when they pay the contractor, the amount including GST will be offset at reconciliation time.

And that sounds so much simpler to what I put. :D

Shakmaty Oct 15th 2007 6:02 pm
Re: Help with GST please
 
Originally Posted by Wendy (Post 5430342)
And that sounds so much simpler to what I put. :D
:rofl:

I just read it:lol:

I understand what you were trying to say.....I think:huh:

Wendy Oct 15th 2007 6:04 pm
Re: Help with GST please
 
Originally Posted by Shakmaty (Post 5430349)
:rofl:

I just read it:lol:

I understand what you were trying to say.....I think:huh:

Well, it made more sense that the OP :D

Just :o:lol:

Shakmaty Oct 15th 2007 6:06 pm
Re: Help with GST please
 
Originally Posted by Wendy (Post 5430353)
Well, it made more sense that the OP :D

Just :o:lol:
What is this? The :huh: thread

:lol:

Wendy Oct 15th 2007 6:06 pm
Re: Help with GST please
 
Originally Posted by Shakmaty (Post 5430357)
What is this? The :huh: thread

:lol:

:huh:

Shakmaty Oct 15th 2007 6:09 pm
Re: Help with GST please
 
Originally Posted by Wendy (Post 5430358)
:huh:
:huh::huh:

NewOZ Oct 15th 2007 6:39 pm
Re: Help with GST please
 
Originally Posted by Shakmaty (Post 5430335)
If the client pays the cash to the agent, then the agent is liable for all the GST, ie $4. But when they pay the contractor, the amount including GST will be offset at reconciliation time.
So the agent has to pay in the end $1 GST per hour, right?!!

Shakmaty Oct 15th 2007 6:42 pm
Re: Help with GST please
 
Originally Posted by NewOZ (Post 5430407)
So the agent has to pay in the end $1 GST per hour, right?!!
From this deal, then yes, the agent pays $1 GST. He claims to have been paid $4 dollars GST, but has paid out $3 GST so is $1 GST in credit.

mand8002 Oct 15th 2007 10:48 pm
Re: Help with GST please
 
Originally Posted by NewOZ (Post 5430326)
if a Client will pay $44 per hour including GST to the Agent and the Agent will pay $33 per hour including GST to the Contractor,
in this case will the agent pay GST the government for the $44 or for $11 ?
i.e. will the Agnet pay $4 per hour GST or Just $1 per hour GST
GST payable to the ATO = GST Collected - GST Paid as long as they are GST registered

Timber Floor Au Oct 15th 2007 11:48 pm
Re: Help with GST please
 
Originally Posted by NewOZ (Post 5430326)
if a Client will pay $44 per hour including GST to the Agent and the Agent will pay $33 per hour including GST to the Contractor,
in this case will the agent pay GST the government for the $44 or for $11 ?
i.e. will the Agnet pay $4 per hour GST or Just $1 per hour GST
However if the end user ( employee ) and were abn registered, you could ofset the gst output liable against any gst inputs.

So on and so forth..

However just to get a tad quirky..

How come in UK you pay VAT on reclaimed building materials, that were sold originally inc vat? Surely the government are fiddling the taxman


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