Sales can be conducted on a GST 'inclusive' or 'exclusive' basis. Grays provides this information on the lot description page, so you are aware of this before bidding on an item.
Inclusive GST Sales
When an sale is listed as GST 'inclusive', this simply means that the bid price has the GST percentage already included. You do not need to add the additional cost to your invoice. It is important to note that the Buyer's Premium and freight charge if applicable is GST inclusive.
Exclusive GST Sales
When an sale is GST 'exclusive', you will need to pay GST as well as the bid price. The GST is a percentage of the bid price. You will also need to pay GST on the Buyer's Premium in a GST 'exclusive' sale. Therefore when looking at GST exclusive sales, remember you need to add GST to the bid amount, buyer's premium and freight.
GST Free Sales
Occasionally GraysOnline will sale items that are GST-free; the final bid price will not include a GST component. To view if the buyer's premium and freight has a GST component or not, please refer to the lot description for further information.