Tag "GST"

GST Q&A – GST and GiftCards (Vouchers)

Question: We will be selling the gift cards to individuals. Is it correct to be able to sell with no GST on this transaction?

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GST Q&A – GST and Ticketing arrangements

Question: Would Council be subject to GST on the shared ticket income received from events promoted from organisations that are non-registered for GST?

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

Question: In Taxation Ruling TR 2012/8, Commissioner considers whether amounts received in respect of legal costs incurred in disputes concerning termination of employment should be included in assessable income as an employment termination payment or as an assessable recoupment where the legal costs are tax deductible for income tax purposes.

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Management and services contracts relating to the lease of a property

A recent Addendum to GST Ruling GSTR 2002/5 has helped to clarify the circumstances in which a supply of real property subject to an existing tenancy can be treated as a GST-free supply of a ‘going concern’.

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GST Q&A – Collecting Fees on Behalf of Others

Council collects green fees which is a taxable service on behalf of Rotary Club for Charity event. We therefore remit GST back to ATO. Rotary Club is not registered for GST.

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GST Q&A – Fees to use Facilities

Should Council be assessing these fees in accordance with Div 81 or will the GST depend on the managers/lessees GST status. Many of the external parties are not registered for GST. Currently indicates if the fee includes GST or not. Should we be silent in this regard?

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GST Q&A – Tax Invoices and Second-Hand Goods

Council has been requested to provide a GST tax inclusive invoice for the sale of 2nd goods (machinery) to a company for $20,000. The item was sold on consignment via an agent.

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Consequential amendments

The general GST rules for registration, tax periods and GST returns, as well as the various turnover thresholds, will need to be modified to accommodate the new rules for intangible offshore supplies. The general rule is that non-residents are only required to be registered if they make supplies connected with the indirect tax zone, and […]

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Status of the recipient of the supply

Since no GST liability arises under the amendments if the recipient acquires the thing for a wholly creditable purpose it follows that the supplier should know whether or not this is the case. Since liability for the GST rests with the supplier, not the recipient, it becomes the supplier’s responsibility to investigate the registration status […]

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Determining if recipient is an Australian resident

The question of whether the recipient of the supply is an Australian resident is a key concept in determining whether the supply is made to an “Australian consumer”. The term “Australian resident” is currently defined in the GST Act by reference to the Income Tax Assessment Act 1936, but the tax is not intended to […]

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