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James Millar
  • Total posts: 1,739
hawamahal, post: 247466, member: 92062 wrote:
Thanks for the useful replies.

Another question I have on this is the GST i.e. Is GST payable on the stock I buy from the Vendor.
My guess is no, because they would have already claimed GST when they bought the stock.

If they are registered for GST then likely yes. You will receive a tax invoice from them and the GST should be disclosed. You cannot generally claim a GST credit without a tax invoice.

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