topic Re: GST on second hand goods, is this true? in Community Spirit

GST on second hand goods, is this true?

psrhlt — Wed, 31 May 2017 08:37:18 GMT

Message from Ebay saying GST will be applicable to Ebay sales. Is this for new products only or both new and second hand?

Re: GST on second hand goods, is this true?

imastawka — Wed, 31 May 2017 08:41:47 GMT

What did the message say specifically?

GST is not payable to the Tax Department until you sell $75,000 per year.

GST on overseas purchases will be introduced in July

Re: GST on second hand goods, is this true?

kopenhagen5 — Wed, 31 May 2017 08:51:06 GMT

GST applicable on eBay selling fees.

From 1 July 2017, Goods and Services Tax (GST) will apply to fees on eBay.com.au, due to new legislation in Australia (the "Netflix Tax").

Businesses registered for GST will not be affected by this change if you register your Australian Business Number (ABN) with eBay here.

Re: GST on second hand goods, is this true?

imastawka — Wed, 31 May 2017 08:52:07 GMT

Ignore that overseas purchases bit.

The Gov't has put on a 12 month reprieve for GST on o'seas purchases.

Labor in talks over delaying GST on online sales | afr.com

Treasurer Scott Morrison has opened the door to giving online retailers a 12-month reprieve from imposing the GST on overseas purchases after industry complained the new regime would be unworkable.

Read more: http://www.afr.com/news/govt-labor-in-talks-over-delaying-gst-on-online-sales-20170530-gwgafn#ixzz4ie0hbHP8

Re: GST on second hand goods, is this true?

bloss9359 — Wed, 31 May 2017 10:20:08 GMT

Hi I also received that email and I forwarded it on to eBay as I believed it to be a fake email.

Re: GST on second hand goods, is this true?

treasuresgalore — Wed, 31 May 2017 10:30:14 GMT

I also received a similar email but as it was only sent to my email address and didn't arrive in my ebay messages, I'm assuming it's a fake email. Don't click on any links in emails asking for your details. This particular emails asks you to click on a link and enter your ABN. It's just another scam.

Re: GST on second hand goods, is this true?

davidc4430 — Wed, 31 May 2017 11:20:47 GMT

i got a very fake looking email from 'ebay' today too, sent it to oblivion

Re: GST on second hand goods, is this true?

sarina40 — Wed, 31 May 2017 14:02:39 GMT

Is this GST only for electronic items or for every item on EBay? I also got email sent and binned it. Didint think it was from Ebay Team.

Another one appeared in my Ebay inbox very late.

I really need clarification on this GST for Ebay.

Thank You if you can assist

Re: GST on second hand goods, is this true?

twyngwyn — Thu, 01 Jun 2017 00:44:05 GMT

mine came through eBay messages:

Important: “Netflix tax” effective 1 July 2017

Regards,
The eBay Team

Re: GST on second hand goods, is this true?

psrhlt — Thu, 08 Jun 2017 08:23:23 GMT

GST should not be applicable to second had items. The new product when sold new, had the GST paid then. If a tax has to be introduced on second hand items it should be a Stamp Duty.

This would be the same as a secound hand car purchase. When sold the new owner has to pay a charge as a % of the total price that the car was brought. This charge can appear many times on the same car if sold many times in its life.

Re: GST on second hand goods, is this true?

imastawka — Thu, 08 Jun 2017 08:32:00 GMT

If you buy 2nd hand goods to se-sell, then GST is payable.

But GST is only payable if your sales have reached $75,000 for the year.

You can have a good read here, if you like -

http://law.ato.gov.au/atolaw/view.htm?docid=%22GSD%2FGSTD20132%2FNAT%2FATO%2F00001%22

Re: GST on second hand goods, is this true?

lyndal1838 — Thu, 08 Jun 2017 09:34:31 GMT

@psrhlt wrote:
GST should not be applicable to second had items. The new product when sold new, had the GST paid then.B

But the GST is applicable to second hand items.

If the item is vintage or antique then there was no GST paid when it was new. Only items less than 17 years old would have had GST paid on them.

Re: GST on second hand goods, is this true?

davidc4430 — Thu, 08 Jun 2017 10:03:11 GMT

Re: GST on second hand goods, is this true?

lyndal1838 — Thu, 08 Jun 2017 10:06:58 GMT

I just love bashing my head against a brick wall David. It feels so good when I stop.

Re: GST on second hand goods, is this true?

ghryst — Mon, 09 Apr 2018 02:20:02 GMT

"But GST is only payable if your sales have reached $75,000 for the year."

the ATO is charging Ebay as a service provider which makes over $75,000 a year, and they WILL be passing on GST charges to everyone on all transactions delivered to australia, because "its too hard" to get it right, re 2nd hand goods for personal use, primary products, etc.
if GST hasnt been paid on ebay itself, and display a GST credit on the parcel being shipped, then the goods will be held by customs in a bonded warehouse and collection will not be available until GST has been paid

Re: GST on second hand goods, is this true?

ghryst — Mon, 09 Apr 2018 02:22:11 GMT

GST laws are not retrospective.
GST is paid on re-sold used items under the "service", not the "goods".
GST is not applicable on used items for personal use

Re: GST on second hand goods, is this true?

ghryst — Mon, 09 Apr 2018 02:24:36 GMT

and this all goes to show exactly how "unworkable" it is.
unfortunately, as i stated, the proposed solution is "everyone pays GST to ebay, ebay claims it back from the ATO where they can, and you sort it out in hell"

Re: GST on second hand goods, is this true?

lyndal1838 — Mon, 09 Apr 2018 02:26:51 GMT

This thread is old....the information given at the time was correct.

The system you are talking about has not yet been introduced...it does not begin till July 2018.

Re: GST on second hand goods, is this true?

imastawka — Mon, 09 Apr 2018 02:57:15 GMT

And that's exactly why you don't drag up old threads.

The information is outdated.

It just confuses people.

Re: GST on second hand goods, is this true?

davidc4430 — Mon, 09 Apr 2018 03:17:07 GMT

@imastawkawrote:
And that's exactly why you don't drag up old threads.

The information is outdated.

It just confuses people.

someone didnt get the memo re: no more oldest thread rehash prize!

btw, just ask second hand car dealers how great the GST was for business.