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Experienced Member

IN: If I am a reseller and paid the GST to the purchasing company so do i need to include gst for my buyers?

Hello Folks,

New to everything , very silly question. 

I am a reseller and i paid GST to the product i purchased for reselling. When i sell this product to the the other folks, do i need to include GST charges on top of the price i am paying? 

How does it work in reselling business. And can i claim the GST i paid to the Purchaser ? 

1 Comment
QuickBooks Team

Dear trade When you paid the GST to your Purchasing Compa...

Dear trade

When you paid the GST to your Purchasing Company, you need to charge GST to your Customer when you reselling.

And also we request you to confirm this with your Chartered Accountant once.

Hope this helps.