Tag "GST"

GST: New Fuel Tax Credit Rates

Fuel tax credit rates are indexed bi-annually (generally 1 February and 1 August), in line with CPI. The rates applicable to fuel use…

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GST: GST treatment of waste management services supplied by NSW councils

The ATO issued a Class Ruling (<a href="https://law.ato.gov.au/atolaw/view.htm?docid=%22CLR%2…

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GST: Whether a Local Council is a State or a Territory?

A supply of land will be GST-free if the following three conditions are met: 1. the supply is made ‘by the Commonwealth, a State or a Territory’; 2. the supply is of ‘land on which there are no improvements’; and 3. the supply is either of a freehold interest in the land or a supply […]

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GST: 3rd Party Reporting

As covered in lasts months Update, the proposed 3rd party reporting measures for grants etc payable by Governments has moved a step closer to introduction with the introduction of an Exposure Draft outlining who must report what.

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GST Q&A – GST and Retention Amounts

A specific reporting exclusion is provided for pooled or shared cars. A pooled or shared car is a car that is provided by an employer for the private use of 2 or more employees. Although not specifically in the law, the ATO view is that a car will only qualify for the reporting exemption if […]

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GST Q&A – GST and Gift Cards

Question: We have purchased "Big Retailer" gift cards and not paid any GST on this transaction. When the cards…

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GST Q&A – GST and Ticketing Arrangements

Question: Council co-produces a variety of cultural/art events in conjunction with GST-unregistered organisations. Counc…

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GST Q&A – GST and Reimbursements of Rates, etc.

Question: We receive invoices for reimbursement of shared accommodation costs from Creditors. The reimbursements include water and …

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Other GST developments

There have been a few other interesting GST developments relating to the GST treatment of property transactions which are discussed below. …

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GST: Development lease arrangements with government agencies – GSTR 2015/2

The ATO has finalised its Ruling on the manner in which GST applies to various scenarios involving development lease arrangements made between government agencies and private developers (previously issued in draft as GSTR 2014/D5).

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