Tag "GST"

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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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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