Any GST paid in relation to work performed at the Licensed Post Office is claimed as input tax credits from the ATO(this includes GST paid on various Post products purchased from Australia Post for resale).
Electronic terminal (EPOS), at those outlets which meet the criteria, provide a GST reporting mechanism for customers and Licensees.
Equally, eligible business can claim back the GST included in the products purchased from the LPO.
Australia Post produces Recipient Created Tax Invoices for commission and fees paid to Licensees. simplifying the monthly paperwork.
You can register for the GST electronically at www.business.gov.au or contact the ATO for the paper based applications. The ATO has publications available for retailers to provide further information on a variety of topics. As well, a tax adviser or accountant can give specific advice about tax matters relevant to your proposed business.
You can contact the ATO via;
Business infoline on 13 2478
Its website at www.taxreform.ato.gov.au
ATO, PO Box 9935, in your capital city.
This information was directly sourced from the"Information Booklet for Prospective Licensees by the Australia Post 04/03" We shall endeavor to keep it up to date with the latest issues. This is designed as a guide only and Tarshay Pty Ltd will not be responsible for any issues relating to this information.