Are invoices for amounts of $50 or less considered to be inclusive or exclusive of the Goods and Services Tax (GST)?
ATO Position Section 29-80(1) of the A New Tax System (Goods and Services Tax) Act 1999 states that tax invoices are not necessary for supplies having a value not exceeding $50. This does not mean that GST is not to be remitted on the supplies made. Supplies of $50 or less will still be subject to the normal GST rules. It is the GST exclusive value of the supply which must be under $50. All prices are required to be GST inclusive. All the $50 limit does is remove the requirement to supply a tax invoice.
