Tag "GST"

With GST, details matter! – Tripartite arrangements – PASC v FCT

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.

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GST Q&A – Correcting errors on our BAS

GST Q&A – Correcting errors on our BAS

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GST Q&A – using credit card statements for claiming ITCs

GST Q&A – using credit card statements for claiming ITCs

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GST Q&A – IT licence from NZ company

Question We have recently received an invoice for an IT licence for an amount of $3,084. The company we are purchasi…

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Be careful how you use GST clauses in your contracts!

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.

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GST: supplies made by an operator of a ‘moveable home estate’

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’”.

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GST Q&A – buying residential property from private residents

Council will be buying a residential property from private residents, who currently live in the house. Initial thoughts are that this transaction would be input taxed. With regard to section 40-65 of the GST Act we are now not so sure.

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Land valuation and GST

It has long been a bone of contention between GST practitioners and valuers as to whether the valuation of land ought to include a GST component.&n…

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GST Q&A – Land swap and GST liability

Question: We are currently negotiating a land swap deal with a third party. The parcels of land are of equal value and no money wil…

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Future of GST – What a Coalition victory could mean for you

With opinion polls suggesting a decisive victory for the Coalition this weekend, an obvious question is how the Coalition would treat issues like t…

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