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When is Goods & Services Tax (GST) payable and how is it calculated?

April 26, 2017calculated GST Payable Services tax

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When is Goods & Services Tax (GST) payable and how is it calculated?

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GST applies to Australian residents only. There is no GST on royalties because a royalty is not a good or a service. However, there is GST on Screenrights’ administration fee, which is a service. The GST is calculated as 10% of the administration fee only.