What happens when an invoice is issued to the supplier with a GST error? How do you correct it? What if the error is in a different financial year? Find the answer in our article with a demonstrated example.
GST: Fixing an old error Read More »
On 26 September 2023 the latest legislative determination for correcting GST errors came into effect. This replaces the previously issued determination from 2013 with a change to the dollar limits that apply to ‘reflect the impact of inflation over the last 10 years’. Find out the details in our article.
Correcting GST Errors Read More »
It is reasonably common for consultants and contractors providing services to seek reimbursement for costs, in addition to the charge for services. The GST treatment of such reimbursements depends on the arrangements entered into between the Contractor and the Customer.
GST and Reimbursement of Expenses Read More »
The ATO recently released A New Tax System (Goods and Services Tax): Recipient Created Tax Invoice Determination 2023. This will enable other entities to self-assess their eligibility to issues RCTIs, which potentially means a broader range of entities will be able to issue RCTIs.
GST and Recipient Created Tax Invoices Read More »
This article provides a general summary of the subject covered and cannot be relied upon in relation to any specific instance. It is not intended to be, nor should it be relied upon as, a substitute for professional advice. TaxEd Pty Ltd and any person connected with its production disclaim any liability in connection with any use.