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.
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.
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?
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.