Subject:
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Re: Pre GST warning about trades [important]
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Newsgroups:
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lugnet.loc.au
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Date:
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Fri, 16 Jun 2000 09:35:01 GMT
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Viewed:
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515 times
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> hi, do you know if the GST is going to be applied to IMO's? My local
> postie says he still doesn't know? I woudl presume that their would be
> GST on the $8 fee for the IMO and not on the actual currency. And what
> about Bank Drafts, haven't looked into that yet.
I don't think so for either of them, as financial services are exempt from
GST. I checked the WWW site and I couldn't find anything specifically on
fees for IMOs and bank drafts, but charges for travellers cheques are
definitely exempt, which is a good indicator I think.
Kerry
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