November 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.