Some clients may experience a spike in sales prior to 1 October. This was the case for many businesses back in 1989 in advance of the GST rate increasing from 10% to 12.5%.
Conversely, demand may subsequently dip past 1 October.
Businesses need to plan how they can maximize their sales between now and October, possibly even by invoicing customers in advance to accelerate the time of supply so that the 12.5% rate applies rather than the 15% rate.
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