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Why and How Penny Should Register Her Business to GST
The goods and services tax in Australia is a value added tax of 10% on most goods and services sales. GST is levied on most transactions in the production process, but is refunded to all parties in the chain of production other than the final consumer.
As the Penny White currently operating as a sole trader, should surely register for GST as the business of Penny is growing and turn…
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