How will cattle be sold at auctions after the GST is introduced?
This will depend on the agent. Auctions for any goods, including cattle, will be held as GST inclusive or GST exclusive depending on the terms of the auction. It is our belief that the better way would be to conduct the auction on an exclusive basis and then if the vendor is registered for GST an additional amount will be payable. An input tax credit would also be available to registered purchasers.
