Home Forums Money matters If I am not GST registered…Do I include GST component in my expenses? Reply To: If I am not GST registered…Do I include GST component in my expenses?

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Actually the answer to the question in the Title is yes. If you are not GST registered, the GST you pay will be an expense to you. As you are the end user in this case, you pay the GST, but are not refunded by the ATO, so in your books it is an expense to you.

So in simplistic terms, say you buy and item for $10.00, it has $1.00 GST added. So your overall expense for that item is $11.00. Whereas for someone who is registered for GST, they claim back the $1.00 GST, so the overall expense is $10.00.