• 4.b. How is GST calculated on a motor vehicle and other charges associated with the sale?

    Non-interpretative - other references:

    refer to:

    • paragraphs 195 and 196 in GSTR 2002/2 - Goods and services tax: GST treatment of financial supplies and related supplies and acquisitions
    • general principles in GSTD 2000/10External Link - Goods and services tax: are outgoings payable by a tenant under a commercial property lease part of the consideration for the supply of the premises?

    Example

    Retail selling price (excluding GST)

    $46,176.00

    Alarm

    $814.00

    Metallic paint

    $704.00

    Dealer delivery

    $1,650.00

    Value of taxable supply

    $49,344.00

    GST @ 10%

    $4,934.40

    Registration

    $203.70

    Stamp duty

    $2,716.00

    Compulsory third party insurance (including $27.00 GST)

    $297.00

    Total amount paid

    $57,495.10

      Last modified: 07 Jun 2012QC 16411