Hi all,
I just registered myself for an ABN number and got my first job from a company.
However, I'll use sub-contractors to get the work done.
One of the contractor is registered for GST.
Let say I quoted the job for $12x and the company will pay me that amount.
Then:
(i) $5x will go to subcontractor-A who is not registered for GST.
(ii) $5x will go to subcontractor-B who is registered for GST.
(iii) $2x is what is left for me.
Can someone clarify how to deal with subcontractor-B who is registered for GST?
Do I have to charge GST from the company on top of the $12k then pay GST for Subcontractor-B?
Cannot find enough information online.
Thanks!
I just registered myself for an ABN number and got my first job from a company.
However, I'll use sub-contractors to get the work done.
One of the contractor is registered for GST.
Let say I quoted the job for $12x and the company will pay me that amount.
Then:
(i) $5x will go to subcontractor-A who is not registered for GST.
(ii) $5x will go to subcontractor-B who is registered for GST.
(iii) $2x is what is left for me.
Can someone clarify how to deal with subcontractor-B who is registered for GST?
Do I have to charge GST from the company on top of the $12k then pay GST for Subcontractor-B?
Cannot find enough information online.
Thanks!