GST

GST

Salary Packaging

Special Edition

GST credits, FBT & Income Tax: the do’s and don’ts this festive season

In the lead-up to the festive season, here is a reminder on what GST credits are available for entertainment expenditure.

ATO/General, GST, Public

GST and the Margin Scheme – issues arising from the recent Landcom Case

On 9 May 2022 the Federal Court of Australia handed down judgment in the Landcom Case (Landcom v Commissioner of...

GST and Bad (or overdue) Debts – how are they dealt with

The end of the financial year (30 June) usually prompts a review of bad and doubtful debts. So, it is...

Member Q&A – GST and payments to non-resident suppliers

We recently received a Q&A from a member asking about GST and invoices from overseas suppliers. Question: Our Accounts section...

GST and Third Party Payments: What are they and when do they impact the usual GST outcomes?

We recently received a Q&A from a member asking about the GST implications of providing emergency natural disaster funding assistance...

GST and the margin scheme: Some recent observations

The majority of margin scheme transactions are relatively straightforward. However, various amendments to the margin scheme rules over the years...

Member Q&A – Are fines issued to members subject to GST?

Question Our organisation is a not-for-profit sports association that operates a league for member clubs. Where a member club has...

Member Q&A – GST and the treatment of credit card surcharges

Question Council is introducing a credit card processing fee to recover the cost of merchant fees incurred. We are seeking...

GST and grants: Need more guidance? Is there a better way?

From TaxEd’s perspective, we regularly receive questions via our Q&A service asking whether grants paid or received by government entities...

Member Q&A – Claiming GST on credit card surcharges

Question What are the requirements to be able to claim GST credits on a credit card surcharge that is not...

When is a COVID-19 grant from a local government subject to GST?

Due to the economic impact of COVID-19 many local councils (along with the state and federal government) are providing grants...

GST – When is a pro forma invoice a Tax Invoice?

Does a pro forma invoice constitute a tax invoice? And if so, does a pro forma invoice allow an entity...