[Year 12 IPM] Question 5 once more

[Allan Barnes]

That's correct, however, this is also different to being registered for an
ABN - if as a company I am dealing with another company which is not
registered for an ABN, or doesn't quote their ABN to me, then I have to
withhold 48.5% of the payment.


Regards
Allan Barnes.




-----Original Message-----
From: ipm-bounces at edulists.com.au [mailto:ipm-bounces at edulists.com.au]On
Behalf Of Kevork Krozian
Sent: Friday, 11 November 2005 9:52 AM
To: ipm at edulists.com.au
Subject: Re: [Year 12 IPM] Question 5 once more



Hi IPM-ers,

     Just to confuse matters a bit more let me say that charging GST is not
compulsory if you are not registered for GST.
My accountant's advice is that a business that turns over less than $50,000
a year does not need to be registered for GST and therefore does not have to
charge GST .
This means putting GST charges on the invoice is not mandatory. ...... and
the invoice is marked "invoice" and not "tax invoice".


   Sorry to hinder and carp further ...

Best Wishes



Kevork Krozian
IT Manager , Forest Hill College
k.krozian at fhc.vic.edu.au
http://www.fhc.vic.edu.au
Mobile: 0419 356 034


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