Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What does input taxed mean?

April 26, 2017input mean TAXED

0

0 Posted

What does input taxed mean?

1 Answer

0

0 Posted

Input taxed means that GST is paid on purchases (inputs), but is not charged to the customer and a refund cannot be claimed from the Tax Office. The main activities that are input taxed are residential accommodation (including student accommodation) and financial activities.