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| GST Example 1 |
| Example of
GST & Distributors |
Amounts
|
GST
|
| GST Inclusive
Final Retail Price |
$100.00 |
|
| Amount Paid
to distributor @ 20% |
$
20.00 |
$ 2.61 |
| Amount returned
by you to IRD |
$100.00 |
$13.04 |
| Inputs Claimed
by you in the Return |
$
20.00 |
$ 2.61 |
| Net GST Paid
to IRD by you. |
|
$ 10.43 |
| GST Sales returned
by Distributor |
$
20.00 |
$ 2.61 |
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| The Distributor
may also claim other inputs required to achieve sales like motor
vehicle costs, hosting costs, telephone, power etc. Some of these
will need to be substantiated and may have a maximum claimable
threshold. |
| If the Distributor is not GST registered you may not claim back the GST and therefore you would pay only the GST exclusive commission ie $17.39 |
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