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Thread: Ebay and the ATO=pasin for power sellers me thinks

  1. 26-06-11, 10:35 PM #1
    TomaHawk
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    Default Ebay and the ATO=pasin for power sellers me thinks





    Wonderful Not that I will be affected, now had it said 'purchased' that'd be a different story lol
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  4. 26-06-11, 11:10 PM #2
    intelliGEORGE
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    "If you are not carrying on an "enterprise" - as defined in the legislation - you do not need to register for GST. If you are carrying on an enterprise and your annual turnover exceeds AU$75,000, the legislation requires that you register for GST. The definition of an “enterprise” covers commercial activities but does not include hobbies."

    A hobby of mine is to buy stuff cheap and flog them off on ebay.
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  5. 26-06-11, 11:25 PM #3
    intelliGEORGE
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    Is Austech obliged to divulge such information from the BST section? Blue may be in the shit then LOL
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  6. 27-06-11, 12:06 AM #4
    Godzilla
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    Great news, they are cleaning out the sellers who try to jump ship on their tax obligations and make it difficult for those running a legitimate operation.

    The poor wife has been flat out all weekend trying to prepare to close the books for the year........

    I got the honorary job of sweeping and mopping.

    Edit forgot to mention the ATO has been doing this for years, not new news.
    Last edited by Godzilla; 27-06-11 at 12:09 AM.
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