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GST code for eBay seller fees

shau

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)

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Accepted answers

Julie_A_C

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.

All comments

shau

@Julie_A_C wrote:
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 can't decide between the two: FRE or N-T. Is one more technically correct than the other in the case of eBay seller fees being GST-"exempt"? Are there other advantages to coding it one way or the other?

Julie_A_C

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.

shau

With respect, that link doesn't answer my question.

I can't afford an accountant so either I get help here or I'm just going to guess or do something at random.

I just need to know, FRE, or N-T or E some other code?

Jesh_D

Hi @shau

Thank you for your post.

My recommendation would be to consult your accounting advisor and the ATO for guidance on what GST code to use for eBay seller fees. You can efer to this link when speaking to your accountant, since it outlines in details eBays Taxes and Imports charges.

Please let us know how you get on and if you have any further questions.