May 22 2013, 04:27 PM
QUOTE(The Jedi @ May 21 2013, 10:59 PM)
Your understanding of GST is flawed. GST is incurred at each stage of value chain and it is pass through tax and in general not expenses or cost item to the business. The final end stage of value chain, the end customer, is liable to pay the GST. This is the fundamental concept of GST and it has been apply in 150 countries. In Asia, only MSIA, HK and Brunei yet to implement GST.
mind explaining a little more from your own understanding?using layman terminalogy, i would expect compounded addition.
i mean, supplier a to supplier b. if supplier's a product somehow suffered an increase, he will impose the addition to supplier b. a will collect additional GST to be paid to gomen. hence supplier b would pay supplier a their new rates + GST.
if supplier B starts selling to supplier C. they would surely repeat the same thing, no?
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