How GST works
Generally, businesses and other organisations registered for GST will:
Include GST in the price of sales to their customers claim credits for the GST included in the price of their business purchases.
So while GST is paid at each step in the supply chain, businesses (other than those making input taxed supplies) do not actually bear the economic cost of the tax. The cost of GST is borne by the final consumer, who can’t claim GST credits.
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The Bottrell group incorporates Bottrell Business Consultants, Bottrell Accounting & Taxation, Maitland Accounting & Taxation, East Maitland Accounting Services and Mobile Bookkeeping & Recruitment.
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