topic Re: Issuing tax invoices in Selling

Issuing tax invoices

mnspro — Mon, 10 Dec 2012 11:37:22 GMT

Hey guys,

Just wondering how to handle issuing tax invoices? Should I use accounting software by transferring manually customer info and sales info from eBay and enter the data into the accounting software?

Just curious on how other sellers manage this function?

Regards

-Mnspro

Re: Issuing tax invoices

jensmanchester-australia — Mon, 10 Dec 2012 11:54:01 GMT

If you use Selling Manager Pro you can set up a tax invoice in there. I am not sure if you can also do it through Selling Manager.

Re: Issuing tax invoices

mnspro — Mon, 10 Dec 2012 12:29:34 GMT

Is that tax invoice or just invoice? Selling manager is a US program isn't it? or is it developed for Australian invoices too?

Re: Issuing tax invoices

jensmanchester-australia — Mon, 10 Dec 2012 12:45:17 GMT

In Selling Manager Pro you can customise the invoice to make it a proper tax invoice.

It is all you need to send to the buyer if they require a tax invoice.

Re: Issuing tax invoices

mnspro — Mon, 10 Dec 2012 12:53:59 GMT

Hi thanks for your response. Does the customization process have to occur for each sale? ie each customer? or do we customize a template and have selling manager pro pull sales data such as customer name and address onto the invoice template and that is what we print when sending package to customer?

Re: Issuing tax invoices

jensmanchester-australia — Mon, 10 Dec 2012 13:01:26 GMT

You don't have to do it for each sale.

You just customise the template and eBay pull the relevant data onto the template.

You can then print out a combined address label / invoice. All you have to do is fold it, place it in an invoice enclosed envelope and stick it to the parcel with the customers address showing. Quick and easy to do as it saves having to write out the buyers address.

For your return address you can buy 1000 address labels for around $20.00 so you just stick them on as well.

Re: Issuing tax invoices

mnspro — Mon, 10 Dec 2012 13:04:42 GMT

Excellent thanks for that

Re: Issuing tax invoices

t51a — Thu, 24 Apr 2014 07:45:02 GMT

I'm using Selling Manager Pro but can't for the life of me see how this can be done. I can customise the invoices to add some extra information, but there doesn't seem to be a selection for GST. What am I missing?

Re: Issuing tax invoices

chameleon54 — Thu, 24 Apr 2014 08:11:05 GMT

@mnspro wrote:
Hey guys,

Just wondering how to handle issuing tax invoices? Should I use accounting software by transferring manually customer info and sales info from eBay and enter the data into the accounting software?

Just curious on how other sellers manage this function?

Regards

-Mnspro

Hi, I assume you have registered for GST purposes with the ATO, have a current Australian Business Number ( ABN. ) and lodge quarterly or annual Business activity statements ( BAS statements. ) ? If not, you can not legally charge GST or issue a tax invoice. If unregistered you can only issue a normal invoice and must stipulate on it that you are not registered for GST purposes and that the invoice does not contain GST. Sellers are not required to register for GST purposes untill they sell more than $75,000 in a single financial year. Please dont take offence if you are registered, but the tax laws are complicated and many people are not familiar with the GST system.

Re: Issuing tax invoices

syntac.global — Fri, 24 Nov 2017 00:31:23 GMT

You actually have it wrong. All business must charge get. You only have to register for get when your forecast sales is over 75k

Re: Issuing tax invoices

syntac.global — Fri, 24 Nov 2017 00:31:34 GMT

GST

Re: Issuing tax invoices

lyndal1838 — Fri, 24 Nov 2017 02:08:45 GMT

@syntac.global wrote:
You actually have it wrong. All business must charge get. You only have to register for get when your forecast sales is over 75k

Wrong.....you are not allowed to charge GST unless you are registered for it and are remitting it to the ATO. You do not have to register for GST until your sales reach $75000 in a rolling 12 month period.

However, if you are registered for GST your ebay sales must have the GST included in the selling price.....you cannot charge the buyer extra after the item has sold.

Re: Issuing tax invoices

clarry100 — Fri, 24 Nov 2017 04:00:52 GMT

@syntac.global wrote:
You actually have it wrong. All business must charge get. You only have to register for get when your forecast sales is over 75k

Sorry... but you have that 100% wrong.

It is against the law to charge GST if you are not registered with the ATO to do so.

Then you are required to remit all GST collected to the ATO less any allowable offsets you may have.

Once you expect to reach at least $75K per annum (tax year) total turnover you are required to register for GST.

Under that figure you may optionally register.

But unless you are registerd you cannot colect it.

Re: Issuing tax invoices

chameleon54 — Fri, 24 Nov 2017 06:48:04 GMT

@syntac.global wrote:
You actually have it wrong. All business must charge get. You only have to register for get when your forecast sales is over 75k

As others have mentioned, none of your information is accurate. You only have to register for GST once your gross turnover exceeds 75K in any rolling 12 month period. It doesnt matter what your sales projections are, as businesses quite often dont meet sales targets.

What is worse with your statement is that it is actually illegal to charge buyers GST if you are not registered to remit that GST to the ATO. Please check the information you post on the boards before encouraging sellers to act illegally.

Re: Issuing tax invoices

centralqueenslandscopes — Mon, 21 Jun 2021 23:16:57 GMT

no you cannot - they changed it

Re: Issuing tax invoices

centralqueenslandscopes — Mon, 21 Jun 2021 23:18:20 GMT

no au law u must provide tax invoice. ebay changed the goal posts again so it forces u to use their post. its 2-10 times more expensive

Re: Issuing tax invoices

sandypebbles — Mon, 21 Jun 2021 23:37:38 GMT

No doubt since the person you are replying to posted their answer in 2012 , a lot has indeed changed in almost nine years