Is Bank Merchant fee to business Input Tax Credit or Taxable Supply with Gst ?

 Author: Taxduck(Taxicorn)Taxicorn

15 Sept 2025

Merchant fees are for credit card payment facilities. See similar post.

GST on merchant fees | ATO Community

From link in response

"The retailer will be entitled to an input tax credit for the GST included in the merchant fee in the tax period in which they receive the tax invoice, provided it is a creditable acquisition under section 11-5 of the GST Act."

Reply0 likes

• Report as inappropriate