hi there,

Lets say hypothetically i sell an item for $250 and bought it for $220

$20 gst hast already been paid by the supplier. plus i have to pay an additional $2.73 for a total of $22.73gst on the $250 sale

But i was wondering ( hoping.. wishing.. knowing its not true lol ) if i can deduct my ebay and papal fees from my sale price (21.25+5)

giving me a revised sale price of $223.75 which means instead of paying $2.73 in gst i only pay $0.35



Oh and lets say in another situation taking the ebay and paypal fees away from my sold price means i fall below what i paid for it ( made a loss ). lets say i bought for $220 and my revised sale price after fees deducted was $210. Would i have that sale as my gst contribution ruduced to zero or would i actually deduct $0.89 from my overal gst contribution from that sale and for my quarterly BAS?


Thanks so much in advance for any help with this. I've just recently exeeded the 75k turnover mark and thus have to start paying gst and i thought i was all over it but then i found myself wondering a few things about this little tax.