Input Tax credits

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Biblebible7
Posts: 6
Joined: Sat Aug 01, 2009 2:59 pm

Input Tax credits

Post by Biblebible7 » Sat Aug 01, 2009 3:16 pm

Can I claim GST back on bank fees - merchant fees. Are merchant fees subject to GST?
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Creinin
Posts: 21
Joined: Fri Jul 03, 2009 9:25 pm

Re: Input Tax credits

Post by Creinin » Sat Aug 01, 2009 4:46 pm

If you are registered for GST and you provide taxable supply, then you can claim GST credits on merchant fees.
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