What is GST? All about GST Australia

Find out more about GST Australia. Patrick Sargent, CEO of POP goes over everything you need to know about GST.
Need help with your GST Obligations? We can help: popbusiness.com.au/gst-advice...
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[@scottfrance1400]

A farmer buys some watermelon seeds and pays gst on the seeds , he gets charged for the water he uses and pays tax on it , the soil enhancers he pays gst , the fuel to take it to market he pays gst , the workers pay tax aswell and pay gst to spend the money they earned , then the whole saler pays gst on the melons he bought from the farmer and pays gst to send them to market , the market buys the melons and pays gst on them , and eventually the customer buys them and pays gst on the melons , so by the time 1 melon has made it to a customer its been taxed multiple times , no wonder farmers are struggling

[@theyohan90]

This is so good... i opened my business for the first time on my own and dint real understand the GST SYSTEM.. but now I do... thanks for the support

[@dwightschrute8864]

Thank you Patrick - you're a good man

[@EllieKateLifestyle]

This is SO helpful for someone learning for the first time. Thank you so much🙌🏻

[@coopsnz1]

This is why everything we buy in Australia is expensive. You buy a $4000 car in Japan + shipping costs + 5% custom duty + compliance costs+ 10% gst + 10% Import duty + 3% stamp duty = $9300 in Australia.

[@robsherlock9774]

Hi Pat thank you for uploading this great tid-bit of knowledge. I think we have both grown up in an country with a goods and services tax. But I sometimes wonder what would life be like without a GST...

[@Ali_Al_Abdu]

Thank you very informative.

[@tax-on-tracks1131]

Great feed!

[@watscrackalacking]

Thank you

[@nishanbuddika5638]

Thanks

[@NasirKhan-ml4dn]

Good explanation

[@Binaygautam12]

Can we claim GST for the registrations and insurance of the business? OR is it a GST free purchase?

[@scottfrance1400]

So for those who arent real smart , say i earn 1 dollar , i pay 20c tax on that and get 80c pay , now to spend that money will cost me 8c gst , so in total ive been stung 28c in tax

[@scottfrance1400]

And at the end of the financial year i get my tax return which is taxed and i have to pay gst to spend it

[@jaytok7]

if my gst tax credit is more than the amount i pay on gst will i recieve money back? if so can you please give an example how this works. cheers

[@NoOne-jy6mc]

Do you have to register for GST in this scenario? If you buy a privately-owned car for 49.5k, and re-sell it at 40% profit on gumtree for 82.5k cash. If you register for GST, you pay 7.5k GST and keep 25.5k profit. If you don't register for GST, you pay ZERO GST and keep 33k profit. That's a 7.5k GST savings. Let's assume you don't earn any other income that year.

[@fhehufhdeh6934]

what is gst turnover for 1 month rougly?

[@justindavis2711]

Geat. Didnt answer a key part of GST tough. Is it done on top of income tax? or ia it aprt pf income tax. In other words, am I going to be paying 28% income tax + 10% GST? Is my total tax (38%)??

[@minareyad4490]

Hi there, thanks for the informative video.

[@rolandolopez7540]

Do you currently have BPO situated in the Philippines? I'm willing to apply.