GST Q&A – Grant from the Commonwealth passed onto a non-GRE
Question: What would be the implications if we invoiced somebody for an amount GST Free, when we received payment they disagreed wi…
A recent Interpretative Decision (ATO ID 2013/54) considered the meaning of the phrase “covered by an appropriation” in the new s 9-17(3) of the GST Act.
When you are dealing with tripartite arrangements, you need to ensure that all supplies and acquisitions are clearly identified and that the consideration goes where it’s supposed to. This case proved a very costly lesson for PASC and potentially Mr Felson, with more than $250,000 in input tax credits at risk.
GST Q&A – using credit card statements for claiming ITCs
The recent decision of the Victorian Supreme Court in Cityrose Trading Pty Ltd v Booth highlights the need for suppliers to exercise vigilance in relation to all transaction documents – in particular ensuring adequately drafted pricing provisions and GST clauses.
On 30 October 2013, the ATO released draft GST Ruling GSTR 2013/D2 entitled “Goods and services tax: supplies made by an operator of a ‘moveable home estate’”.