Forum Discussion

shau's avatar
shau
Experienced Cover User
4 years ago
Solved

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 ...
  • Julie_A_C's avatar
    Julie_A_C
    4 years ago

    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.

     

     

Jesh_D's avatar
Jesh_D
Former Staff

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.

shau's avatar
shau
Experienced Cover User
4 years ago

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's avatar
    Jesh_D
    Former Staff
    4 years ago

    Hi shau 

     

    As I'm not an accountant or tax advisor, I am not permitted to tell you which tax code you need to select. One of the factors that will determine the tax code is whether the invoice needs to be reported on your BAS. If you cannot discuss this with an accountant, I would recommend speaking to the ATO to ensure you are reporting those amounts correctly.
    • shau's avatar
      shau
      Experienced Cover User
      4 years ago

      Jesh_D Then don't tell me if you're not qualified, but there are plenty of accountants on here that can answer a harmless question to help out a little guy who doesn't have the resources.

       

      It's infuriating because I just called the ATO and they rejected my question and now you're directing me back to them.

      • Tracey_H's avatar
        Tracey_H
        Former Staff
        4 years ago

        Hi shau 

         

        I understand that you're frustrated, but unfortunately, as mentioned by Jesh_D , we're not permitted by law to give tax or accounting advice. Maybe you could try the ATO Community forum: atocommunity

         

        Hopefully one of our users will be able to offer assistance. If you do need help with your software, please do let us know as we are happy to help.