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…
- kid-vhee on 19/12/2024 - 13:17
  
  It was question about more so the accounting behind it. Should the GST applied to the difference before or after buyback. Your analogy doesn't make any sense.
  
  Gift cards are gst inclusive - purchase a good/service with GC including GST is fine where the can be GST claimbacks if applicable.
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