Is your business ready for GST? Let your bookkeeper help!
GST, or General Sales Tax, is a goods a services tax that is levied on most goods and services sold for domestic consumption. The tax is absorbed into the final price of a product or service and paid to the government at the end of the financial year by the business selling the goods or service. It’s a term you will have heard often, although it’s not something consumers actively need to consider due to the tax included in sale prices, making it easily forgotten.
