Tag "GST"

GST Q&A – Are fees for shopping trolley collection and land clearance subject to GST?

What is the correct GST treatment for fees relating to the collection of abandoned shopping trolleys, and clearing vegetation and overgrown grass? This Q&A discusses how GST regulations and ATO public rulings may apply to these fees. Question It would be appreciated if you could provide the answers to the following GST questions: Our council collects […]

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FBT Q&A – FBT & GST implications of car parking provided to employees

You may be providing car parking to your employees that is not currently subject to FBT. But what happens if a commercial car parking station were to open within a 1km radius with the lowest all-day fee for parking above the relevant threshold during the FBT year? Read on to find out! This Q&A also […]

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GST Q&A – Sponsorships, gifts and non-monetary contributions

Does your organisation put out invitations for sponsorships? This Q&A provides guidance on distinguishing between sponsorships and gifts for GST purposes, and discusses the valuation of non-monetary contributions. Question Council is inviting sponsorships for an annual event. There are various sponsorship packages available from $10,000 to $500 or less value.  Each package entitles the sponsor […]

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GST Q&A – Are credit and debit card surcharges subject to GST?

Question Our current practice is that GST is applicable to the surcharge on all payments made by credit and debit card.  Could you please confirm that this is correct?  If not, what should the correct treatment be? Also, could you please confirm that when we refund a purchase made by credit or debit card, we […]

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GST Q&A – GSTR 2000/25: GST on water supply services

Generally, a supply of water is GST-free. However, the GST treatment of charges on specific water supply services provided by your organisation should be considered closely and may depend on the agreement in place between your organisation and the property owner. This Q&A explores the application of GSTR 2000/25 and CR 2013/39 to water supply […]

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GST – Avoiding reporting errors: Tax invoices and substantiation

Substantiation is one of the most common GST reporting errors. It is essential that you have sufficient substantiation before claiming any GST credits. This article discusses tax invoice requirements and common queries we receive from our members.

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GST – Taxpayer alert: Why is the ATO so concerned about GST compliance in connection with development leases?

We have previously discussed issues surrounding the GST treatment of development leases. More recently, the ATO’s concerns with GST compliance involving development leases has led to the issue of a taxpayer alert. In this article, we take a look at the issues under consideration in TA 2018/3.

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GST Article – GST-free education courses: Adult and Community Education provided by not-for-profits

There is a common misconception that a course provider must be a recognised educational provider for their course to qualify as a GST-free adult and community education (ACE) course. In this article we explore how courses provided by not-for-profit entities that satisfy the general requirements of an ACE course may be considered a GST-free supply.

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GST Q&A – No-ABN withholding rules: A supplier hasn’t quoted their ABN. Do we need to withhold from their payment?

Our supplier hasn’t quoted their ABN, stating that they are ineligible for one. Can we rely on their Statement by Supplier or do we need to withhold from their payment?

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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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