Earlier in the week I shared a diagram from the ATO (Australian Taxation Office) on How GST works.

Today we look at the back of that same flier at an example.

Using the circumstances of a wool farmer who sells their wool to a clothing manufacturer, who sells their jumper to a retailer who sells to a consumer (let’s face it, they probably sold it to me – shopping much?!)

See if you can follow the flow of GST and let me know…

Regards