Where parties wish the GST to be added to the contract price, the contract should use specific words such as “plus GST”.
Unfortunately, a common error here is to instead insert “exclusive of GST”.
Source: fclawyers.com.au
Latest Posts in "Australia"
- OECD Urges Australia to Raise GST and Boost Affordable Housing to Address Budget Deficit
- GST Fraud, False Invoicing, and Gold Dealer Scams Top ATO’s Crime-Fighting Priorities
- Understanding GST Exemptions, GST-Free, and Input Taxed Status for Australian Businesses
- GST Pricing Rules in Australia: When, Where, and How to Display GST-Inclusive Prices
- ATO Clarifies GST Rules for Power Industry: BPPAs, Gifted Assets, and Agency Arrangements














