GST on coin sales

[JeffH]

It did reduce the luxury item tax substantially -that used to be 27.5% of wholesale price.
Funny, most prices didn't reduce commensurately! Because GST also applied to retail mark-up that might indicate the high margins many retailers use.

I reduced my prices (many of the items I handle were subject to this tax) but, by the time I added GST to labour, overheads and travelling the overall reduction in a "supply and instal" job only came down by about 8%.