Longtime reader here that recently joined. My company is now approaching retailers and I am confused as how to generate proper quote when dealing with the purchasing agent or owner? Do I include GST in the quote separate from the price or inclusive?
When I had a shop I much preferred a quote to be inclusive of GST and with the gst component shown separately, much like you get in most invoices.
I suppose it doesn’t really matter much though as long as it is stated obviously either way.
Sadly on a B2B transaction you don’t need to include GST when providing pricing , the ACCC has a lot to answer for on that one.
But from my perspective as a buyer from wholesaler’s, I prefer to see the GST inclusive price. I recently attended the wholesale gift fair, and there was a mish mash of approaches between the wholesalers, so you had to keep asking.
But to avoid any conflict and appear professional to your retailer, you need to be upfront with how you are quoting. They don’t need a surprise later of you later saying ”oh by the way give me 10% more”