Home – New Forums Money matters GST Query Reply To: GST Query

#1209749
JulianForsyth
Member
  • Total posts: 2
Up
0
::
Raskifa, post: 250274, member: 77797 wrote:
Hi Julian,

If payment goes through your business first regardless of amount then GST is payable on this income transaction. You will then offset the GST against the 80% payment you pay your sole traders which would include GST in any case.

Difference in G.S.T ( received minus paid) should work out to be similar to what it would be for your 20% payment if that was the only income showing in your account being deposited..

Thanks Michael,
Unfortunately the sole traders we work with are not large enough to qualify for GST. We are essentially a hiring agency for one off jobs etc. similar to a setup like freelancer or fiverr so it might be best for us to split the transactions.