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Thread: Price excludes GST

  1. #1

    Default Price excludes GST

    It is now a common practice, at least among some ClubSnappers when asking for a quote, to ask if the price quoted includes GST.

    I’m not sure if this has been raised before, but under the GST Regulations it is mandatory (unless exempted by the Comptroller for GST) for a GST-registered person to show and quote GST-inclusive prices to the public for all prices displayed, advertised, published and quoted verbally or in writing.

    Exceptions are usually granted to hotels / F&B Industry only.

    All prices stated on the advertisements should be inclusive of GST, and the following clauses are not acceptable: -

    "Prices stated are subject to GST"
    "Prices stated are exclusive of GST"
    "Prices stated are before GST"

    This includes price-lists prepared by the supplier, i.e. if Nikon provides RRP to a GST-registered shop, the shop is required to ensure that the price stated is GST-inclusive. No passing of the buck to Nikon, no "Nikon provided the list, I dunno anything".

    Of course, don’t expect to quote the GST Regulations to those shops that quote prices exclusive of GST, but it pays to know the law.

    Infraction of this part of the Act carries a fine of up to $5,000.
    Last edited by nuxnewbie; 14th September 2007 at 04:52 PM.

  2. #2
    Senior Member giantcanopy's Avatar
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    Default Re: Price excludes GST

    Thanks for highlighting
    I think some shops in SL Sq needs to be reminded of this.
    S*** brothers in Funan too.

  3. #3
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    Default Re: Price excludes GST

    yeah some shops are really crooks, they quote low prices, then you are trapped inside.

  4. #4
    Senior Member giantcanopy's Avatar
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    Default Re: Price excludes GST

    Quote Originally Posted by advrider View Post
    yeah some shops are really crooks, they quote low prices, then you are trapped inside.
    Nope. U are not trapped before u swipe ur card

  5. #5

    Default Re: Price excludes GST

    haha some of cathay photo's equote also not inc. gst

  6. #6

    Default Re: Price excludes GST

    $5k fine? Really? Wow. I wonder why our Govt never enforced this.

  7. #7

    Default Re: Price excludes GST

    Quote Originally Posted by tanjonhan View Post
    haha some of cathay photo's equote also not inc. gst
    maybe some quotes r from overseas so they do without gst
    to simplify things?

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