According to a media release, a 40-year-old man was fined $4,000 after failing to register good service tax (GST) for his online sales. He was also ordered to pay a penalty of $11,802.32. He has become the first person to be convicted for the offence.
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It was reported that the man has submitted incorrect income tax without any reason between 31 Dec 2012 to 30 Sept 2013. The sales of his products had exceeded $1 million and he is required to registered for GST by 31 Oct 2013.
However, the man failed to do so and has caused $118,023.23 of tax being due between 31 Dec 2013 to 30 Sept 2015.
The man is known as a bankrupt was later fined and ordered to pay a penalty of $11,802.32.