News & Event > GST impact
*The diagram above shows a common items of input tax and output tax that your company may encounter.
Input Tax is the GST charged on the purchase of goods and services used in the business activity.
Output Tax is GST charged and collected on sales/ supplies of goods and services.
If you are interested to purchase our machinery (Standard rated), REMEMBER TO OFFSET INPUT TAX PAID to with the Output Tax charged to your customers.
One side note to this: Our machinery did not increase price, just the GST amount may lead to a higher selling price of our machinery.
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