GST goes up tomorrow...
Printed From: OHbaby!
Category: General Chat
Forum Name: General Chat
Forum Description: For mums, dads, parents-to-be, grandparents, friends -- you name it! And you name the topic you want to chat about!
URL: https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=35994
Printed Date: 04 May 2025 at 11:32pm
Software Version: Web Wiz Forums 12.05 - http://www.webwizforums.com
Topic: GST goes up tomorrow...
Posted By: jazzy
Subject: GST goes up tomorrow...
Date Posted: 30 September 2010 at 9:56am
|
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?
|
Replies:
Posted By: Jaune
Date Posted: 30 September 2010 at 10:01am
|
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. ------------- http://lilypie.com"> 
http://lilypie.com"> 
|
Posted By: caliandjack
Date 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. ------------- http://lilypie.com" rel="nofollow">   [/url] Angel June 2012 |
Posted By: jazzy
Date Posted: 30 September 2010 at 10:09am
| 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. |
Posted By: GuestGuest
Date Posted: 30 September 2010 at 10:17am
| Hey Jazz, everywhere is different, they might lock in the 12.5% to get the sale so doesn't hurt to ask. |
Posted By: Kimnthekids
Date Posted: 30 September 2010 at 10:18am
|
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! ------------- http://lilypie.com">  http://lilypie.com">
|
Posted By: MyLilSquishy
Date Posted: 30 September 2010 at 10:21am
| ooooh do the groceries today then me thinks lol. forgot tomorrow was the first! |
Posted By: jazzy
Date 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. |
Posted By: jazzy
Date Posted: 30 September 2010 at 10:25am
our countdown is closed till 10am to reprice...funny tho as a lot of stuff has already gone up 
|
MyLilSquishy wrote:Posted By: CrazyCass
Date Posted: 30 September 2010 at 10:34am
|
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 ------------- http://lilypie.com"> 
http://lilypie.com"> 
|
Posted By: GuestGuest
Date Posted: 30 September 2010 at 10:36am
*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. |
Posted By: Babykatnz
Date 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 ------------- Brandon - 05/12/2003  
|
Posted By: CrazyCass
Date Posted: 30 September 2010 at 10:58am
|
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) ------------- http://lilypie.com">
http://lilypie.com">
|
Posted By: Babykatnz
Date 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%  ------------- Brandon - 05/12/2003
|
Posted By: clover
Date Posted: 30 September 2010 at 11:42am
|
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? ------------- http://lilypie.com"> 
|
Posted By: caliandjack
Date 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. ------------- http://lilypie.com" rel="nofollow"> [/url] Angel June 2012 |
Posted By: jazzy
Date Posted: 30 September 2010 at 12:35pm
which supermarket BK? |
Posted By: Babykatnz
Date 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 ------------- Brandon - 05/12/2003
|
Posted By: minik8e
Date Posted: 30 September 2010 at 12:50pm
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. |
Posted By: kellie
Date Posted: 30 September 2010 at 12:55pm
Thats weird. I was in foodtown today and they said they were opening at 10 tomorrow since they had to reprice. ------------- 
|
Posted By: clover
Date Posted: 30 September 2010 at 12:57pm
|
I saw the same sign in countdown yesterday. ------------- http://lilypie.com">
|
Posted By: jazzy
Date Posted: 30 September 2010 at 1:01pm
same here...hope it wasn't the same one as my kids were playing up, lol 
|
Posted By: kellie
Date Posted: 30 September 2010 at 1:29pm
lol. I was at the Te atatu one. |
Posted By: jazzy
Date Posted: 30 September 2010 at 1:32pm
sigh of relief....Onehunga ha ha....was totally stressed although they are being little angels now... |
Posted By: Babykatnz
Date Posted: 30 September 2010 at 1:42pm
|
Quoted from an email I get from my local countdown store
"Below are just a few specials from your local store. See www.myspecials.co.nz for more of your favorite products. Please note all prices featured are available from 27 September until 3 October 2010 and will not be affected by the change in GST." Says the same thing about the weekend windback notification I get via Onecard. It also confirms that all stores close at 10pm except for those that normally close earlier, they'll close at usual time ------------- Brandon - 05/12/2003
|
Posted By: jazzy
Date Posted: 30 September 2010 at 1:54pm
|
our store is not open till after 10am due to GST changes..
ETA. maybe it is online that the prices don't change. |
Posted By: Babykatnz
Date Posted: 30 September 2010 at 2:00pm
|
Nope, my email comes courtesy of my local store, the 'my specials' thing is just a onecard gimmick. They take note of what you've bought in the past and tell you when its on special again.
I dont shop online, I like going out and doing the groceries, some weeks its the only time I get out of the house ------------- Brandon - 05/12/2003
|
Posted By: clover
Date Posted: 30 September 2010 at 2:05pm
|
That just sounds like the prices of the advertised specials won't go up, not all prices. ------------- http://lilypie.com">
|
Posted By: Babykatnz
Date Posted: 30 September 2010 at 2:08pm
|
Thats what I was trying to say, the stuff thats advertised on special wont go up until midnight Sunday, but everything else will go up tonight when they do their changeover. ------------- Brandon - 05/12/2003
|
Posted By: catisla
Date Posted: 30 September 2010 at 2:12pm
|
so is the $2 Shop going to be the $2.10 shop?
good reminder about the petrol - will fill up tonight ------------- |
Posted By: jazzy
Date Posted: 30 September 2010 at 2:14pm
It is acually true. I did a layby a few weeks ago & was told the GST increase will not effect anything I have put on layby prior to the 1/10/10. I just rung the 0800 customer service number for The Warehouse & was told the same thing. So you have benen misinforming people. Not that it would end up being much more... |
Posted By: jazzy
Date Posted: 30 September 2010 at 2:15pm
ha ha...the $2.10 shop
|
Posted By: Babykatnz
Date Posted: 30 September 2010 at 2:27pm
|
It would be like laybying when its on special, you're putting it on layby for what it cost at the time of putting it on layby, not what its going to cost once you've finished paying it off? ------------- Brandon - 05/12/2003
|
Posted By: jazzy
Date Posted: 30 September 2010 at 2:50pm
I think so. Not that you save that much for smaller items. |
Posted By: MissCandice
Date Posted: 30 September 2010 at 4:23pm
|
This GST increase has been a pain in the bum at my work! It cost us half a million dollars to change and upgrade our billing system. Yep we put prices up on some things, and lowered them on others.
Yay on my BB plan now giving me 40GB instead of 20GB and costing $10 less!! Edited: I cannot spell :P ------------- ~ Mummy to a beautiful girl ~ |
Posted By: jazzy
Date Posted: 30 September 2010 at 4:28pm
wow that's a huge amount..guess for awhile a lot will be missing out. We wont see any increases in out pay pack till a fortnight so really no better off when it starts so not what they were saying. |
Posted By: RedHeadDuck
Date Posted: 30 September 2010 at 4:52pm
|
It's a pain for DH, they have to keep note of what was bought before, and after, to make sure they charge customers at the right price More paperwork for them, just what DH hates!!!
Tempted to go fill up, can imagine the fuel stations would be crazy busy though! |
Posted By: jazzy
Date Posted: 30 September 2010 at 4:54pm
|
DH still not home so can't go to the toy shop now...boo hoo...just want to shop..oh well in the weekend @15% not that much extra
|
Posted By: lizzle
Date Posted: 30 September 2010 at 9:00pm
| I'd go and fill up - another increase kicks in tomorrow - so petrol will go up by 7c. |
Posted By: weeheebaby
Date Posted: 30 September 2010 at 9:12pm
|
In terms of buying toys/groceries/day to day etc, it really isn't going to make much difference to any family that earns a taxable income. You will be better off. As quoted in a pp the actual difference to the consumer will be 2.2 percent, so $2.22 per hundred dollars spent - not really worth it going nuts in the supermarket etc before tomorrow IMO.
For our family, after mortgage payment our cash in hand per week is slightly under 500 per week, meaning if we spent every single cent each week we would be paying an extra $11.10 in GST, but given the deductions in PAYE we will actually be approx $19 a week better off. Benefits are being adjusted to reflect the 2.2% change so no-one should be worse off. Of course that is just taking into account that GST and PAYE changes, other very unscrupulous companies will use it as a chance to bump up prices. For example a 50cent stamp would become 51.1 cents with the new GST, so in theory they should be 51 or 52 cents from tomorrow. But NZ Post has taken the chance to bump the price to 60 cents (claiming all sorts of rubbishy reasons for doing so) ------------- http://lilypie.com"> 
|