Home Forums Money matters Reselling GST Exempt Goods Reply To: Reselling GST Exempt Goods

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Think I understand, wanting to basically try and offset gst collected with get paid – BUT you are not purchasing with GST levied and as a result are missing considerable write offs? Is that correct?

personally though, and taking into account what Dave says by charging +gst, having a gst bill could be seen as you doing well :)

we have large gst payables every quarter as our model has some high costs that also carry no GST components so can’t claim back – I can’t avoid it sadly.. although that being said, the GST component I collect during that period isn’t my money to count on anyways… we collect on behalf of the government (sad but true)…

only way to reduce is to claim expenses (relative to your business as I am not saying to extort the system) that carry GST trough your business.

Noting, not an accountant here