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The GST amount used to be payable by developers, but a lot developers liquidate immediately after their projects are settled to escape from paying GST (GST is only payable by the entity who provides sales/services, directors of the companies are not liable for the GST amount).
Starting from 1 July 2018, purchasers will be deducting the GST amount from the full price of new properties and pay directly to the ATO. it's like issuing one more cheaque payable to the ATO. Your purchase price is not increased.
Hope this helps. |
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