GST Free medical servicesIn the Australian GST context, medical services assume a distinct role by being categorized as GST free. You can classify a medical service into two types: firstly, services...
GST Articles
GST on Food
To determine the GST status of a food or beverage, it's important to first establish whether it falls within the definition of 'food' as outlined by GST regulations. According to GST law, the term...
GST and Cars
What is a car for GST purposes? For the purpose of GST, a car is defined as a motor vehicle designed to transport less than one tonne of load and fewer than 9 passengers, and excludes motorcycles or...
GST on Exports
GST is a 10% tax applied to most goods, services, and other items sold or consumed within the country (the indirect tax zone), as well as on most imports of goods. However exports of goods and...
GST on Imports
GST (Goods and Services Tax) applies to most goods imported into Australia, making them taxable importations. Businesses, organizations, and private individuals must pay GST on taxable...
GST Withholding
Buyers of new residential premises or potential new residential land are required to pay the GST owing on the purchase directly to the ATO (rather than to the seller) as part of the settlement...
GST
GST (Goods and Services Tax) is a consumption tax ultimately paid by the end consumer at the rate of 10% on the supply of most goods and services in Australia. It is implemented by the collection of...
GST and Property Development
GST liability There is only a liability for GST where: an enterprise is being carried on, the annual turnover is at least $75,000 ($150,000 for non-profit bodies) and a taxable supply is made....