Dear australians can someone clearly explain GSD to me?I do not understand?

Question

thanks

Answer 1

I think you mean GST

GST stands for goods and services tax which you pay a 10% surcharge on goods that you purchase and services that you use. It's like v.a.t in the U.K where you pay 13.5%. GST came into effect on 1st july 2000, replacing the the old sales tax which applied to wholesale at different rates, and only to certain goods. The GST is a commonwealth tax,but the proceeds go to the states, replacing the previous untied grants of income tax collected.

Answer 2

I think you mean GST.

Our goods and services tax.

The GST in Australia -



The Goods and Services Tax (GST) in Australia is a Value Added Tax (VAT) on the supply of goods and services in Australia.

It was introduced by the Federal Government with the A New Tax System (Goods and Services Tax) Act 1999, taking effect from July 1 2000. The basic premise of the new tax was to broaden the tax base, which was heavily biased toward the provision of services.

Prior to the GST, Australia operated a Wholesale Sales Tax (WST) which imposed a tax on wholesales of goods. The WST was implemented in the 30's when Australia had an economy dominated by goods. Over the years however, Australia's economy evolved to be more services based, and the GST served to strip the unfair tax advantage that service providing businesses had over suppliers of goods.

The GST is levied at a flat rate of 10% on most goods and services, apart from gst exempt items, and input taxed goods and services.

Answer 3

i think you mean GST

The GST (Goods and Services Tax) is a value added tax of 10% on most goods and services transactions in Australia.

it is added to price on the shelf instead of being added after checkout, it is the same as VAT

Answer 4

Ooooh! You mean GHD.

That's a hair straightner.

They are like the best ever!