Tag "GST"

GST ‘ GST and Council Rates

This article provides a summary of the analysis of why Council rates are not subject to GST. It also briefly explores the situation where it appears that some landlords impose GST on Council rates when invoicing tenants.

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GST Q&A ‘ Tax Invoices and Staff Reimbursements

What are the rules relating to tax invoices where staff members are reimbursed?

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GST Q&A ‘ Supplier not GST Registered

GST implications where it is found that a supplier is not GST registered but has been issuing invoices stating they are GST-inclusive and GST credits have been claimed.

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GST ‘ Impact of Grants on the need for GST Registration

Recent ATO comments highlight the need to consider whether a grant may cause an entity that is not registered for GST to be obliged to register. The need for registration has implications both for the entity receiving the grant and the entity paying the grant.

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GST ‘ State and Territory GST Issues – Matters on the ATO’s Mind

This article discusses some aspects of the most recently published GST-States and Territories Industry Partnership Meeting Minutes.

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GST Q&A ‘ Funding to upgrade club facilities

We look at a question involving GST and funding situations between Councils and sports clubs.

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GST ‘ Changing to monthly tax periods if in GST refundable position

GST registered organisations occasionally go through periods of significantly increased expenditure (e.g. construction of new buildings). This article canvases a potential response.

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GST ‘ Insurance proceeds

The GST regime contains special rules for insurance – particularly with regard to insurance proceeds received on settlement of an insurance claim. This article provides a basic summary of the key GST rules.

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GST Q&A – Should grants of financial assistance be GST-inclusive or GST-exclusive?

The first step when reviewing grants of financial assistance is to determine whether the payment has sufficient nexus to a supply. If the grant is being provided for a specific purpose e.g. to buy some equipment, the next step is to determine whether the amount to be paid should be for the GST-inclusive amount or […]

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GST – Payments between Government related entities

Provided that payments between government related entities meet the necessary conditions, such payments are not consideration for GST purposes and GST would not give rise to a GST liability or input tax credit entitlements. Care needs to be taken to ensure that the relevant conditions are met, and GST treatment is being correctly applied.

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