GST-inclusive pricing

(1) The consideration (referred to herein as “the price”) displayed or quoted for a supply must be GST-inclusive but the supplier shall, if so requested by the recipient of the supply, provide the recipient with a breakdown of the price in which the value of the supply and the GST payable thereon are stated separately in addition to the total price. (2) Despite sub-section (1), a taxable person who quotes an amount for a taxable supply to be made to a recipient who is a taxable person shall, if the recipient so requests, quote on the basis of the GST exclusive value of the supply, provided that the quote states also that GST is payable on the supply and states either the rate of GST or the amount of GST that will be payable. (3) A person who is not registered for GST may not state that a price quoted or displayed includes GST. (4) Where a taxable person who makes a taxable supply is not registered at the time the supply is made, the person may not either at that time or at a later time, recover from the recipient of the supply an additional amount stated to be in respect of the person’s GST liability. (5) A person who contravenes the requirements of this section commits an offence and is liable on summary conviction to a fine of not less than five thousand dollars and not exceeding 77 ten thousand dollars, or to imprisonment for a term not exceeding two years or to both.