GST & Margin Scheme: Landcom Case (Full Federal Court decision)
Here is an update for the Landcom appeal case. Find out the details and implications here.
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GST
GST and Inbound Supplies – when does GST apply?
When it comes to GST and cross-border transactions there are different rules that apply depending on whether the supplies are outbound (e.g., the GST-free export rules) or inbound (e.g., import of goods and services). In this article we outline the GST rules that apply for inbound supplies.
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GST Case: determining the ‘5-year rule’ and ‘passing on’
There are many curiosities within the GST law. Here is our summary of the ‘5-year rule’ and ‘passing on’ following recent Administrative Appeals Tribunal (AAT) decision in the Dals Property Trust Case.
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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.
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Online ordering systems: GST, Agency & Tax Invoices
We recently received a Q&A from a member asking about GST implications where a digital menu service is used. It raises both agency matters and tax invoices. Question: A Restaurant is considering engaging with a provider of an online digital menu ordering and payment processing system (supplied by the Provider). For the Restaurant, the digital
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Member Q&A: Is GST payable on goods intended for recycling?
We recently received a Q&A from a member asking about GST and payments received for recycled containers collected. Question: Council will be receiving revenue from an organisation (‘Recycle Organisation’). Every time Council holds an event any recyclable containers from the event will be collected by Recycle Organisation. Council will be paid for these recyclable containers
Member Q&A: Is GST payable on goods intended for recycling? Read More »
GST and processing transactions between group members
The scenario: Council has set up a wholly-owned subsidiary to act as a project manager for a major development being undertaken by Council. The subsidiary is a for-profit company. We shall refer to it as PMCo. Also, Council and PMCo are both GST-registered and are part of a GST group. PMCo handles all aspects of
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Member Q&A: GST and tax invoices
We recently received a Q&A from a member asking about GST and valid Tax Invoices (along with a follow up question). Question: We note that for purchases over $1,000 the Tax Invoice must show the identity (i.e., name or ABN) of the purchaser. Does this mean that for sales less than $1,000 a Tax Invoice
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GST, charities and nominal consideration: When can a supply be GST-free?
GST, charities and nominal consideration The GST law contains a specific rule in s. 38-250 (referred to as ‘nominal consideration’) which treats non-commercial activities of certain entities as GST-free where nominal consideration is received for the supply. GST-free treatment for these types of supplies assists to both keep the ‘cost’ of the supply to recipients
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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 Taxation [2022] FCA 510). The case deals with a number of interesting GST matters, and in this article we bring to your attention to one aspect of the case regarding GST and the margin scheme.
GST and the Margin Scheme – issues arising from the recent Landcom Case 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.