Tag "GST"

GST ‘ Countertrade Transactions

In the November 2016 Tax Update we discussed the ATO’s newly released PCG 2016/18 which provides GST concessional treatment for certain B2B transactions where non-monetary consideration is provided. Labelled ‘countertrade’ transactions, the concessions may prove helpful in a variety of situations, including for example, land transactions where only non-monetary consideration is provided such as agreed […]

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GST – McEwans Australia Pty Ltd v Brisbane City Council

This article discusses a recent case in which the Queensland District Court was required to interpret a reference to ‘GST’ in a contractual provision providing for reimbursement of GST. The article identifies some implications for consideration.

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GST ‘ A reminder of some deadlines

This article reminds NFP entities of GST and other deadlines that may affect them.

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GST Q&A ‘ Payments made under an appropriation

What ‘payments made under an appropriation’ actually means and who is required to prove that this is the case.

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GST Q&A – Exempt vs Out of Scope

Can you please provide clarification as to the difference between what is considered out of scope and what is considered GST exempt?

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GST ‘ Countertrade Transactions

The ATO’s newly released Practical Compliance Guideline PCG 2016/18 provides GST concessional treatment for certain B2B transactions where non-monetary consideration is provided. Labelled ‘countertrade’ transactions the concessions may prove helpful in a variety of situations, including for example, land transactions where only non-monetary consideration is provided such as agreed developer services.

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GST ‘ When a Standard Form Prescribes How to Signify GST is Added

This article considers a recent case in which a specific contractual mechanism governing application of GST had not been invoked in the manner contemplated by the contract.

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GST ‘ Consultants/Contractors and Reimbursements

It is reasonably common for consultants and contractors providing services to seek reimbursement for costs in addition to the charge for services. However, the GST treatment of such reimbursements depends on the arrangements entered into between the contractor and the Customer, and such arrangements may be shown in different ways on the tax invoice. This […]

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GST ‘ A Reminder about New Residential Premises and Other GST and Property Transaction Issues

This article looks at recent case that is a timely reminder about new residential premises and other GST property transaction issues.

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GST Q&A ‘ GST on Employee Contributions to Fringe Benefits

Is the employer liable to pay GST on contributions that employees make towards other fringe benefits including for ‘exempt’ benefits?

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