Synergy Bill Calculations (GST and Buyback)

kid-vhee on 08/11/2024 - 14:18

Realized on my Synergy bill, GST is calculated on my usage prior to deductions/credit on Buyback (which doesn't have GST).

Probably somewhere in T&Cs, and being in WA it's our only choice.

Bill at the moment = Usage + GST, less buyback (NO GST).

However bills would be cheaper if they had calculated such as (Usage - credits) then applied GST on the balance.

I can understand both perspective of the accounting behind it, but wondering what other's thoughts are.

First instance: You bought x units of power - here's the cost. Know lets deduct your account credit.

Second Instance: You bought x units of power, but exported y units of power - lets calculate the difference then apply GST on the final owing.

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Ozbar Gain on 08/11/2024 - 14:22

You're not registered as a business to be able to charge GST on the product you're selling in this transaction, are you?
jv on 08/11/2024 - 15:35

GST is calculated on my usage prior to deductions/credit on Buyback

So according to you, if I pay for something in full with a gift card, I should not pay any GST…
prozerran on 08/11/2024 - 16:05

I think that is the just the way it is done. They provide a supply and this needs to have GST attached. To buyback I don't think there is technically GST attached (or we don't charge them GST). So technically that is correct, but net power usage is probably more fair.

I am sure all providers will do the same so don't lose too much sleep - or 10% GST on buyback loss