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I have been under the impression that as the price of stamps didnt go up past 45 cents when GST was introduced there was no GST input credit available. Is this correct?

April 26, 2017Cents didnt GST Impression input introduced past price stamps

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I have been under the impression that as the price of stamps didnt go up past 45 cents when GST was introduced there was no GST input credit available. Is this correct?

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The simple answer is that you are able to claim input tax credits on stamps even though the price was still 45 cents. There was initial confusion in this area as the federal government announced it would absorb the GST on stamps.