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As far as I am aware GST is a tax collected by a business on...

  1. pseudonym
    38 Posts.
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    12/08/05
    10:21
    Post #: 1078013
    As far as I am aware GST is a tax collected by a business on behalf of the Govt.and put aside so that it can be remitted to the Govt.monthly, quarterly, or whatever. It does not come out of your profits because it is not yours in the first place. The GST therefore did not come out of TOX's profit.
    TOX Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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