GST code for eBay seller fees
Since the Netflix tax was introduced by the government in July 2017, eBay has introduced clause that businesses will be exempt from paying GST on their ebay fees, if they register their business and ABN with eBay. If you’ve done this, you will not pay GST on any of your eBay fees.
Source: https://www.cloudcounting.com.au/myob/to-gst-or-not-to-gst/
This being the case, what would the correct GST code be to use for eBay seller fees that have been "exempted" from GST by eBay? (No GST appears on eBay seller invoices)
Hi shau Steven_M Tracey_H Jesh_D
If you have supplied Ebay with your ABN then you could either use Fre or create a new tax code of NT (not tax).
I am not impressed that the ATO would not answer your question for you but not surprised either, they are sometimes very unhelpful.
The MYOB moderators can only point you in the correct direction or to the MYOB guidelines as they are not Registered Tax or BAS agents so it is actually against the law for them to advise on tax codings.