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GST Food and Retail Businesses

Published on 09 Sep 1999 | Took place at Novotel Hotel, Brisbane, QLD

Topics for small business include: registering and accounting for GST; tax periods, GST returns, payment and refunds. For food: free vs taxable; sales tax rulings. For ACCCC pricing guidelines: dollar vs percentage; compliance.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Goods and Services Tax - Issues for Retail Business

Author(s):  Craig DARLEY The GST issues facing retail business, in broad terms, are no different to those facing most businesses. Retail businesses by their very nature however, do undertake sales transactions in a variety of ways such as lay-bys, gift vouchers, warranties attaching to goods and so on, and these transactions will need to be specifically considered under the GST regime. Further, the majority of retail businesses will need to give very careful attention to how the phasing out of the Wholesale Sales Tax System is to occur, what information is required on tax invoices, display and pricing of their goods post GST, and how their customers may react in terms of demand for their goods both pre and post GST.

Materials from this session:

GST - Food and ACCC Pricing Guidelines

Author(s):  Jeff O'CONNELL This presentation gives the basic guidelines for the GST and food. It goes into detail and explains how different foods are broken and taxed and gives exemples.

Materials from this session: