GST ruling impacts on SME’s cash flow

The Australian Taxation Office’s (ATO) new ruling on GST will see firms forced to pay the full GST on a sale price, even when then have received as little as 11 percent of the price as a deposit.

For many SME’s this new ruling will greatly affect their cash flow.

Businesses most likely to be affected are printers, builders, on-sellers of capital equipment and building materials and manufacturers taking deposits. Ok to post once the change is made.

For more information see the ATO website.