GST Implementation Update
ABN Netro
Invoicing for GST Netro is currently sending all its subscribers a transitional "Tax Invoice" for this GST charge, for subscriptions that have already been paid for that go over the 1st July 2000 implementation date. This "Tax Invoice" will be GST exclusive just for this period, so all GST charges are made clear to the customer. Each invoice will detail a "pro-rata" amount for GST covering subscriptions that span 1st July 2000. Example : Customer on Dialup Regular Quarterly account Subscription dates run from: 15 May 2000 to expiry date 15 August 2000 NB: Customer has paid in advance $105.00 ADDING THE GST... The period 1 July to 15 August is subject to GST Pro-rata $105.00 to calculate the cost of 46 days of subscription which is subject to GST: $105.00 divided by 3 months (91 days) * multiplied by 46 days = $53.08 $53.08 plus the full 10% GST = $58.39 The customer will now be billed $5.31 GST on a "Tax Invoice" *NB: For accounting purposes, Netro will use an average value of 30 days for a Monthly Plan, 91 days for a Quarterly Plan, 182 days for a 6 Month Plan and 365 days for a Yearly Plan for GST calculations Netro Price Restructuring At present Netro has not been informed of any cost savings from its suppliers. However, Netro will "flow on" any cost savings that are incurred at the time. Netro is currently restructuring its prices due to a change in supplier. These new prices will be available on our website at www.netro.com.au/services. If you have any further queries with regard to your account and the GST, please contact us via email to accounts@netro.com.au or by telephone 02 9922 5255. Thankyou for your ongoing patronage to Netro! Links Your ABN
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