Retail GST Provision

Retail GST Provision is the amount of GST to be paid to the ATO by the dealer, based on the Current Retail Price.  Put simply, it is the GST calculated on the sale price of a stock item, less the GST already outlaid in the purchase price of the stock item including the addition of any reconditioning.

•Note: If you change the Retail Price when you sell the vehicle, don’t forget that the Retail GST Provision will also change.

Look what happens to the Cost Estimate when additional items are added to reconditioning at point of sale.