[DNS] gst on au domain name resales

[DNS] gst on au domain name resales

From: Kim Davies <kim§cynosure.com.au>
Date: Tue, 30 Sep 2008 02:16:49 -0700
Quoting Jason Parsons on Tuesday September 30, 2008:
| 
| I notice that people are adding or including +gst in the price of domain
| names they are reselling.
| 
| I can understand paying gst on the transfer fee, or accounting fee ect. but
| not sure how gst works on the price of resale of a domain name licence.

I thought the GST is pretty simple. It is 10% on top of the retail
price, irregardless of the input costs. The vendor can claim back the
GST it paid on its input costs later, but that does not affect the GST
imposed to the purchaser.

kim
Received on Tue Sep 30 2008 - 02:16:49 UTC

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