Hello From the states

[Schwartzy]

Hello all. I'm here from Bullionstacker which my name on there is Schwartzy as well. I've been a member over there for 1 year. I'm drawn in by the YPS/Maggie Auctions. Thanks for having me!

Joseph

 

[malachii]

Welcome!!

malachii

 

[Schwartzy]

I should probably add that I stack Silver, mostly YPS. I am a serial collector and have alot of #20 YPS. If anyone has any #20, please reach out to me and I'll make it worth your while. Thank you. I'm also into cryptos. Xrp All In.

 

[Oddjob]

G'Day and welcome.

 

[Schwartzy]

What does (inclusive of GST) exactly mean? I understand it's the goods and service calculator but I just want to know exactly everything I'm looking at if I win anything in AUD because I deal with USD dollars over here of course.

Joseph

 

[Silverling]

GST means "Goods and Services Tax" and it is a tax levied in Australia at 10%.

If the ad says Inclusive of GST then there nothing else to pay tax wise. It is tax paid or no tax needs to be levied. However if you are from another Country outside of Australia then you need to know your own tax laws and if custom duties will be charged on your side. This you need to find out for yourself.

A couple of bullion companies here might put in their ads + GST, that will mean final price reached at auction + 10% GST. They will say if there is GST payable or not. If they don't say whether there is GST payable or not then don't be afraid to ask as they are very easy to get along with.

99% of sales here are peer to peer and there is no GST. So when you trade with other members here there is no GST payable, we are mostly all hobbyists and just buy/swap/sell each others metals. I hope that makes it a bit clearer, cheers.

 

[Schwartzy]

GST means "Goods and Services Tax" and it is a tax levied in Australia at 10%.

If the ad says Inclusive of GST then there nothing else to pay tax wise. It is tax paid or no tax needs to be levied. However if you are from another Country outside of Australia then you need to know your own tax laws and if custom duties will be charged on your side. This you need to find out for yourself.

A couple of bullion companies here might put in their ads + GST, that will mean final price reached at auction + 10% GST. They will say if there is GST payable or not. If they don't say whether there is GST payable or not then don't be afraid to ask as they are very easy to get along with.

99% of sales here are peer to peer and there is no GST. So when you trade with other members here there is no GST payable, we are mostly all hobbyists and just buy/swap/sell each others metals. I hope that makes it a bit clearer, cheers.

Thank you very much for explaining this to me. I greatly appreciate it.

 

[Silver260]

Welcome

And yea.... Love the YPS stuff also.

 

[Jonesy67]

Welcome. Good to see a new member.

 

[SilverDJ]

GST means "Goods and Services Tax" and it is a tax levied in Australia at 10%.
If the ad says Inclusive of GST then there nothing else to pay tax wise. It is tax paid or no tax needs to be levied.

The 10% GST only applies to Australian customers. Legally merchants are not allowed to charge international customers GST, so if a price is quoted including GST, then they must remove that 10% GST for international customers. Any business selling overseas must quote a GST free price.

 

[StewyD32]

Welcome along.

 

[Silverling]

The 10% GST only applies to Australian customers. Legally merchants are not allowed to charge international customers GST, so if a price is quoted including GST, then they must remove that 10% GST for international customers. Any business selling overseas must quote a GST free price.

Thanks SilverDJ, I forgot to mention that, cheers.