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25 February 2020
28 February 2020
It's interesting that the business you purchase the used vehicles from is not registered for GST.
An entity is required to register for GST if:
The description you've provided for the business you purchase the used cars from doesn't sound like it would meet a GST exemption.
As a GST registered entity you will be required to charge GST when you sell the vehicle, unless an exemption applies.
Representing the information on your BAS:
Which BAS period you report the purchase and sale on will depend upon your accounting method for GST.
Let us know if you have any further questions,
2 March 2020
this is what I want to know clearly.
Australian Taxation Office
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