Issuing tax invoices

[mnspro]

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

[syntac.global]

GST

[lyndal1838]

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@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

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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.

[clarry100]

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@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

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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.

[chameleon54]

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@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

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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.

[centralqueenslandscopes]

no you cannot - they changed it

[centralqueenslandscopes]

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

[sandypebbles]

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