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.
Miscellaneous
1999
Goods and Services Tax - Issues for Retail Business
Source: QLD
Published Date: 9 Sep 1999
Details
- Published By: Craig Darley CTA
- Published On:9 Sep 1999
- Took place at:Novotel Hotel, Brisbane
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Tags
Miscellaneous
1999
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