Home – New Forums Starting your journey A couple of questions regarding tax Reply To: A couple of questions regarding tax

#1130466
Steve – Adoria Photo
Member
  • Total posts: 47
Up
0
::
Muges, post: 147859 wrote:
So ive got my business up an running. Its an online store but i also trade on ebay at the same time s this is where im selling most of my products.

What i want to know is because im well under the $75,000 annual turnover, when i list products on my website do i have to include gst on top or do i just have the price of the product with no tax.

Also as im trading on ebay but my business is my website, do i include those sales in my annual turnover?

thanks

I am no accountant, but this link should help with the first question:

http://www.ato.gov.au/businesses/PrintFriendly.aspx?ms=businesses&doc=/content/76494.htm&page=25&H25

You should not be collecting GST unless you are registered to do so.

I believe any sale you make regardless of where you make it (ebay, your website or whatever else) should be treated as revenue/income.