How to include GST in invoice?

[leitnerdirect]

Hi,

as a gst registered seller i'm wondering how to handle the gst on invoices for ebay and paypal.

I issue manual invoices for each product stating TOTAL price includes GST.

but on ebay and paypal the invoices don't really state that, do they?

i've ckecked several paypal invoices and in the gst field it's just blank. i've checked invoices i've paid to other businesses and their manual invoices say: gst included in price, but the paypal invoices also have the gst field blank.

how do you handle this?

regards,

[jensmanchester-australia]

If you haven't done so already subscribe to Selling Manager Pro - it is free for store holders.

Under Postage Action click on Print Address Labels or invoices and in the next step there is the option to Edit Invoice and address label template.

In there you will be able to add what information you require which can include your ABN and and something along the lines of TAX INVOICE - GST INCLUDED.

[zelly888]

Well bugger me because I thought that all purchases online are GST exempt?,that's why people buy online there is no GST on goods purchased

[lyndal1838]

Zelly, there is no GST paid on items from overseas......that is why they are cheap compared to the same item purchased in Australia.

AND why the likes of Harvey Norman's are wanting all imported goods to be subject to GST.

[dylan11235813]

Just to add if a business turnover is less than $75,000 / year they are not required to collect GST. Not sure if there are other conditions though.

[lyndal1838]

Dylan, you are not required to be GST registered if your turnover is less than $75,000 but if you are registered and your turnover falls below the cutoff amount you are still required to submit your GST.

This is why it is not a good idea to register for GST before you absolutely have to.

[dylan11235813]

I was going to register for it thinking it would save time later (under the threshold), but decided not to, athough I think there may be more to it regarding tax deductions.

If GST is paid already, say for an import, does that mean I have to charge it again (if registered for GST)? Maybe it is an import tax I guess.

So old Harvey wants an import tax because he has to charge his customers GST.

[lyndal1838]

It only takes a matter of minutes to register for GST when the time comes. 

What do you mean by "more to it regarding tax refunds"?

There are a lot of charges in business that have no GST but are tax deductable...just off the top of my head, bank fees are a deduction but have no GST on them.

As for your hypothetical question....if you are registered for GST and are charged GST on something you have bought to onsell, you will claim your GST back from the Government (via your BAS) and will then add it to the item when you sell it.

The GST is paid only once, by the end user/buyer.  If you happen to sell to someone who is also GST registered and he then wants to onsell it, he will go through the same process of claiming the GST paid to you, then adding it to his customer's invoice.

I can not speak with any authority about import duties but I believe they would just be treated as a cost of doing business...tax deductable but not claimable as GST, which is a different charge and already claimed on your BAS.

Neither of the businesses that I do the BAS for are involved in importing.

[leitnerdirect]

Hey, thanks for the advice. Pro is $15 pcm, isn't it? the basic selling manager seems to be fre...

[leitnerdirect]

Hang on, i think i now found the free Pro subscription...