The Healthy Food Guide I bought yesterday had two prices printed on the cover.
One was $5.50 including 12.5% GST before October 1 the other, from October 1 was $5.70 including GST of 15%.
Does that mean the extra 2.5% on the cost of the magazine is 20 cents?
I didn’t think so and the handy TV3 calculator confirmed my doubt – the GST increase will be 12 cents.
The company could have rounded the price down to $5.60 but has chosen to round it up eight cents to $5.70.
It may be able to justify the extra eight cents because of other price rises but it shouldn’t try to blame it on GST.
It’s called the Free Market – something you may have forgotten about in the last 10 years or so.
Nowadays, people are allowed to charge whatever they like and there is no Uncle Hellen to step in and stop them.
Freedom. You should try it sometime.
Of course they’re free to charge what they like.
It’s not the change in price, but the attempt to blame the full increase on GST which I’m criticising.
There is no requirement to mention GST on a price unless it’s GST exclusive, although they’re free to make it clear a price includes GST.
But an older issue of the magazine has the price as “only $5.50” with no mention at all of GST.
Gosh! Who have thought that this might happen!!
I do hope it doesn’t mean that people will be even more worse off than they thought when this GST increase kicks in!
Hope you didn’t buy it Ele – remember, the Market will solve all of our problems, so long as you play the game.
Bill said.
HFG is mostly all available online – so don’t bother paying that $5.70 in future Homepaddock!