Discounted Sale to Employees

When goods are sold at a lower price to your employees, GST is accountable on the net amount paid after the discount.

Example: Discounted Sale to Employees

You give 20% staff discount on the sale of products to your employees.

If the selling price (excluding GST) of the product is $1,000, the company should charge GST on the net discounted price i.e. $800.

GST to be charged = 7% x $800 = $56

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