Can I deduct the GST portion of expenses as a share trader when not registering for GST credits

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(Newbie)Newbie

4 Dec 2023

My turnover is well over $75,000 but due to shares being input taxed sales and eligible to claim a partial GST credit of 75% I haven't and am not planning on registering for GST.

Expenses include brokerage, software and data subscriptions, office equipment / supplies and mobile phone. Do I need to remove the GST portion from these items when deducting my business expenses?

Example: Brokerage costs $11.00, $10.00 + $1.00 GST. Can I claim the full $11.00 as a expense deduction when I'm not claiming the 75% partial GST credit, $0.75 in this case?

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