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GST on owners

I'm a sole trader and was wondering what GST rate there is on Owners draw

thanks

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QuickBooks Team

Re: GST on owners

Hi 9130346953515536,

 

My understanding is that Owner's Drawings amounts would be classified as Out of Scope, however I recommend you check with a certified accountant or bookkeeper to verify this information.

 

Here's our ProAdvisor Portal to find a QuickBooks certified accountant or bookkeeper near you: https://quickbooks.intuit.com/au/find-a-proadvisor/

 

Bonny