Morning Trading February 15, page-201

  1. 10,227 Posts.
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    MAY: careful of the GST think .. I got into trouble with the ATO for the whole claiming GST thing . apparently (and my accountant didn't notice) for some reason the GST element of trading can not be claimed on a quarterly BAS ... It is a "whole cost including trade" .. for gains & loss ... but hey .. keep doing it until they come a knocking!!
 
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