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jazzy 
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 Topic: GST goes up tomorrow...
Posted: 30 September 2010 at 9:56am |
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so I was going to go & do some xmas shopping tonight & was going to do a layby at toyworld as they are having a sale so I though I would do it before the GST rise...but am I really saving much?
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Jaune
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Posted: 30 September 2010 at 10:01am |
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Don't quote me on this, but I think with laybys they either have to paid off in full by today or they will be subject to the increased GST.
It's only 2.5% which isn't much...especially considering there are such good sales on which generally reduce the RRP by much more.
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caliandjack
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Posted: 30 September 2010 at 10:07am |
You won't beat the GST pay rise on Laybys. The retailer retained ownership of the goods until paid in full, thus you pay the price plus GST that applies when the last payment is made.
For small items 2.5% isn't much of a savings. Your better off leaving your $$ in the bank.
If you're in need of a car or planning on buying anything HP ie: TV's etc then you would benefit from getting in before GST goes up.
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  [/url] Angel June 2012
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jazzy
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Posted: 30 September 2010 at 10:09am |
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that's what I thought but I did one at the warehouse 2 weeks ago & they said that there will be no extra gst added...I might ring toyworld ask them.
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GuestGuest
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Posted: 30 September 2010 at 10:17am |
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Hey Jazz, everywhere is different, they might lock in the 12.5% to get the sale so doesn't hurt to ask.
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Kimnthekids
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Posted: 30 September 2010 at 10:18am |
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i did also hear petrols going up about 7c - so im planning on filling up today, again not much savings, but every cent counts sometimes!
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MyLilSquishy
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Posted: 30 September 2010 at 10:21am |
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ooooh do the groceries today then me thinks lol. forgot tomorrow was the first!
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jazzy
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Posted: 30 September 2010 at 10:24am |
Hi ya LR "waves" 
Ok so just rang my locale toyworld & they are not adding the extra gst to laybys & are not adding he extra gst store wide only to a few items....think it is cheaper for some places to absorb the extra gst rather than repricing everything.
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jazzy
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Posted: 30 September 2010 at 10:25am |
 MyLilSquishy wrote:
ooooh do the groceries today then me thinks lol. forgot tomorrow was the first! |
our countdown is closed till 10am to reprice...funny tho as a lot of stuff has already gone up 
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CrazyCass
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Posted: 30 September 2010 at 10:34am |
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we were in Rebel and noticed that lots of the stuff had 2 prices on them, pre Oct1 and Post Oct1... i believe some shops will use this to put prices up more than 2.5%
its not really a massive increase (except for the petrol!) and the tax cuts will supposidly leave everyone better off. i worked out ors and its quite a bit, but we'll try put it into savings instead of spending it
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GuestGuest
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Posted: 30 September 2010 at 10:36am |
jazzy wrote:
Hi ya LR "waves"
Ok so just rang my locale toyworld & they are not adding the extra gst to laybys & are not adding he extra gst store wide only to a few items....think it is cheaper for some places to absorb the extra gst rather than repricing everything.
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*Waves back 
The thing is they would have bought all of their stock from their suppliers at 12.5% so in a way I think it is unfair for stores with slow moving inventory to hike everything up tomorrow.
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Babykatnz
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Posted: 30 September 2010 at 10:43am |
I've noticed supermarket fliers have stated all prices quoted will NOT change tomorrow, they will continue as is until Sunday as per usual... but I'm glad I did the groceries yesterday  eek... petrol going up, hadnt thought of that... dammit.
What I've been wondering is the domino effect of gst rises... if each person in the chain of supply adds on their 2.5%, wont it be higher than just 2.5% by the time it reaches us? say for e.g, the producer adds their 2.5%, the transporter does the same, then the retailer... or is my maths just a bit screwy lol
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Brandon - 05/12/2003  
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CrazyCass
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Posted: 30 September 2010 at 10:58am |
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Most business can claim the GST they have paid back, it balances off what they recieve from their sales, so even though everyone adds it on along the way, the ex GST figure will remain the same.
If that makes sense! The only people paying more should be the end consumer. (because we dont run our houses like a business and claim the GST back at the end of the financial year)
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Babykatnz
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Posted: 30 September 2010 at 11:10am |
ohhh yeah.... wheres the forehead slapping emote when you need it! You'd think I'd remember all that having worked for the organisation taking said extra 2.5% 
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Brandon - 05/12/2003
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clover
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Posted: 30 September 2010 at 11:42am |
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Saying that they brought it at 12.5% and should sell it at that doesn't make sense though. When they make the sale post October 1 they have to pass the GST from the consumer to the IRD and they have to do it at 15%, so if they were to only deduct 12.5% they'd be out of pocket, wouldn't they?
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caliandjack
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Posted: 30 September 2010 at 12:28pm |
Technically it isn't a 2.5% increase as its a 15% increase on the GST exclusive price which actually works out to be a 2.2% increase.
Some retailers are of course using it as an excuse to put the general price of goods and services up.
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[/url] Angel June 2012
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jazzy
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Posted: 30 September 2010 at 12:35pm |
Babykatnz wrote:
I've noticed supermarket fliers have stated all prices quoted will NOT change tomorrow, they will continue as is until Sunday as per usual... |
which supermarket BK?
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Babykatnz
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Posted: 30 September 2010 at 12:46pm |
Maybe its only the online ones I get that state it, but all countdown/foodtown/woolworths stores are keeping their advertised specials as is til Sunday
Feel sorry for whoever manages the computer programmes if SOME stuff stays at old price til midnight Sunday, and the rest changes overnight tonight
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Brandon - 05/12/2003
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minik8e
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Posted: 30 September 2010 at 12:50pm |
jazzy wrote:
that's what I thought but I did one at the warehouse 2 weeks ago & they said that there will be no extra gst added...I might ring toyworld ask them. |
Whoever told you that is wrong - it does apply at the Warehouse, and as someone else said, it's an increase on the WHOLE price, not just what you have left. We've been getting heaps of phonecalls about it.
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kellie
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Posted: 30 September 2010 at 12:55pm |
Babykatnz wrote:
Maybe its only the online ones I get that state it, but all countdown/foodtown/woolworths stores are keeping their advertised specials as is til Sunday
Feel sorry for whoever manages the computer programmes if SOME stuff stays at old price til midnight Sunday, and the rest changes overnight tonight |
Thats weird. I was in foodtown today and they said they were opening at 10 tomorrow since they had to reprice.
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GST goes up tomorrow...
