Tag "GST"

GST – Are you making these common reporting errors?

The ATO recently identified the five most common GST reporting errors. If you want to avoid making these errors and learn other ways to prevent mistakes in your activity statements, read on.

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GST – GSTR 2018/1: Supplies of real property connected with Australia

The ATO has released GSTR 2018/1 dealing with supplies of real property connected with Australia. While the ATO view does not appear to have changed, the ruling is a useful reminder of the need to consider relevant definitions, the characterisation of the supply and the specific facts of transactions.

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GST – Damages for Loss

This article looks at the GST consequences where payments are made as damages for loss, including reference to the ATO’s longstanding view in GSTR 2001/4.

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GST Q&A – Tax Invoices for credit card transactions below $82.50

Question Is there a requirement for staff to provide receipts for purchases made by credit card for GST inclusive purchases under $82.50? Is it possible to differentiate between ATO requirements and Audit requirements?

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GST Article – Vouchers

This article looks at how GST applies to vouchers, and highlights that not all vouchers are treated the same way under the GST provisions. In particular, it looks at vouchers issued to be redeemed for food and/or drink at events.

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GST Article – Payments for Seconded Employees

Payments of salary/wages to an employee are outside the scope for GST. But what happens where an employee is seconded to another employer, included where the entities are government departments?

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GST Article – Ability to account for GST on the Cash Basis

This article outlines the recent controversy in which use of the cash basis by non-business entities and small business entities have moved out of virtual alignment. It notes some practical implications of this.

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