how much GST do i need to pay back on commercial property income
A. As the property is a commercial property and the vendor is registered for GST the sale of the property to you will be a taxable supply.In that case, GST will be either nothing or charged at 12.5 per cent.ou could claim a GST deduction on the purchase price of an untenanted commercial property if you acquired it for the principal purpose of making taxable supplies and registered for GST.