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Net GST payable to the ATO less GST refunds from Purchases
GST Flowchart Supplies Purchased $100 include GST Sale Price $110 Net GST payable to the ATO GST payable from Sales less GST refunds from Purchases
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GST Flowchart $10 Supplies Purchased $100 include GST 10
Manufacturer sells to Wholesaler for $220 $10 Manufacturer's Price $200 include GST Sale Price $220 Supplies Purchased $100 include GST Sale Price $110 $20 collected less $10 paid Net GST payable to the ATO GST payable from Sales less GST refunds from Purchases
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GST Flowchart $10 $20 Wholesaler sells to Retailer for $440
Manufacturer sells to Wholesaler for $220 $20 $10 Wholsesaler's Price $400 include GST Sale Price $440 Manufacturer's Price $200 include GST Sale Price $220 Supplies Purchased $100 include GST Sale Price $110 $40 collected less $20 paid $20 collected less $10 paid Net GST payable to the ATO GST payable from Sales less GST refunds from Purchases
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GST Flowchart $10 $20 $60 collected less $40 Wholesaler
sells to Retailer for $440 Retailer sells to Customer for $660 Manufacturer sells to Wholesaler for $220 $20 $10 Retailer's Price $600 include GST Sale Price $660 Wholsesaler's Price $400 include GST Sale Price $440 Manufacturer's Price $200 include GST Sale Price $220 Supplies Purchased $100 include GST Sale Price $110 $40 collected less $20 paid $20 collected less $10 paid Net GST payable to the ATO GST payable from Sales less GST refunds from Purchases
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GST Flowchart $10 $20 Net Tax Effect
$130 GST collected on Sales through the supply chain( $10 on original supplies +$20+$40+$60) less $70 GST Input Tax paid on Taxable Supplies $60 net to ATO $60 collected less $40 Customer purchases for $660 Wholesaler sells to Retailer for $440 Retailer sells to Customer for $660 Manufacturer sells to Wholesaler for $220 $20 $10 Final GST inclusive Price $660 Retailer's Price $600 include GST Sale Price $660 Wholsesaler's Price $400 include GST Sale Price $440 Manufacturer's Price $200 include GST Sale Price $220 Supplies Purchased $100 include GST Sale Price $110 $40 collected less $20 paid $20 collected less $10 paid Net GST payable to the ATO GST payable from Sales less GST refunds from Purchases
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