Is there GST on Bank Fees?
Have you ever glanced at your bank statement and wondered, "Is there GST on bank fees?" If you're like most Australians, you probably have. With banks integral to our everyday lives and GST impacting a wide range of our transactions, understanding the relationship between the two becomes paramount. Let's delve into the nuances of GST and its implications on bank fees. Let's dive deep into the world of banking and taxes to find out! What is GST? GST, standing for Goods and Services Tax, is a pervasive 10% tax levied on a majority of goods, services, and other items [...]