Tag "GST"

GST Article – Ho, Ho – Oh! More Withholding Obligations

It is expected that Federal Parliament will deliver a “GST legislative parcel” after the current festive season, but in time for the new financial year. This note outlines the proposal for purchasers of certain properties to remit GST that is payable by their vendors. It highlights some matters for consideration when purchasing/selling relevant land.

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GST Article ‘ Some comments on ‘New Residential Premises’ and ‘potential residential land’

This article complements the note on the GST withholding obligation contained in this month’s newsletter. It briefly reminds readers about the basic nature of ‘new residential premises’ and then looks at the less frequently encountered concept of ‘potential residential land’.

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GST Article ‘ GST-free adult and community education providers

The ATO has provided a reminder regarding when an adult and community education course may not attract GST-free status.

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GST Article ‘ GST Concessions for Fundraising Events

Certain entities such as charities and DGR’s that run fund-raising events can choose to treat the event as input taxed for GST purposes. This article explores whether this choice is available to entities that operate a DGR fund, but are not themselves a charity or DGR entity.

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GST Q&A ‘ Disbursements

Council has received a tax invoice from a planner for fees for representing Council at VCAT.  Should GST be included?

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GST Q&A ‘ Silent Auctions

Is there GST on monies raised from a silent auction?

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GST Article ‘ I choose going concern but if … then I want the margin scheme to apply

A recent Administrative Appeals Tribunal had to consider how GST applies where the parties to a sale contract had agreed to treat the supply as a ‘going concern’ but if the purchaser was subject to Div. 135 of the GST Act, the margin scheme was to apply to the sale.

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GST Q&A ‘ GST and land improvements

A council recently sold an almost vacant block of land, containing small amounts of infrastructure requiring demolishing by the purchaser, after which the land will be suitable for residential development – does this sale satisfy the requirements of a taxable supply?

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