GST Direct

GST Direct updates you on recent GST and indirect tax developments and highlights topical issues and opportunities.

Download the latest issue:

Issue 12 2012

The first edition of GST Direct in 2012 covers a range of topical and practical GST issues:

  • GST issues to think about at tax year end
  • update on late fees and insolvency GST proposals
  • Qantas case on cancelled deposits heading to highest Australian court
  • recent IR focus
  • loyalty schemes
  • GST observations from IR's brief to incoming Minister of Inland Revenue. 
 

Issue 11 2011

The December 2011 of GST Direct is a special festive season edition covering a number of significant and topical GST issues.

In this edition we cover:

  • latest update on the proposal to tax late fees;
  • holiday season GST reminders;
  • seasonal vouchers;
  • European value added tax reform calling for broad base/standard rate model;
  • practical issues with the land rules;
  • GST pricing tips and traps.
 

Issue 10 2011

This edition of GST Direct focuses on the latest GST developments, including the proposals to:

  • make some late payment fees subject to GST;
  • deny liquidators, receivers and administrators the ability to change their GST accounting basis from payments to invoice; and
  • make it easier for non-resident businesses to claim GST refunds.

Other issues covered include:

  • changes to the land zero-rating rules; and
  • the ability to claim a GST deduction on costs incurred before 1 April 2011 to reflect the change in the GST treatment of accommodation.
 

Issue 9 2011: Financial services special

This latest special edition of GST Direct focuses on the key GST issues facing the financial services industry covering:

  • New GST recovery rules;
  • GST recovery methods;
  • Recovery of GST costs incurred by investment holding entities;
  • Insurance; and
  • Leasing.

Also covered are topical non-financial services GST issues including:

  • Tripartite arrangements;
  • More changes to the land and accommodation rules;
  • Receipt of insurance pay-outs; and
  • Valuing emissions units.
 

Issue 8 2011

In this issue, we summarise the significant new GST rules that take effect from 1 April 2011.

Also included in this issue:

  • a transaction checklist for vendors and purchasers entering into land transactions under the new compulsory zero-rating (CZR) regime; and
  • other current GST issues including:
  • tax invoices in a foreign currency;
  • cancelled supplies;
  • insurance claims; and
  • earthquake support payments.