GST Articles

GST and Health Services

GST and Health Services

CONTENTS GST free Medical Services Non-Medical Health Services: GST Implications Identifying the Recipient in Health Supply for GST Determination Goods Supplied in GST free Health Services GST free...

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GST on Food

GST on Food

To determine the GST status of a food or beverage, it's important to initially establish whether it falls within the definition of 'food' as outlined by GST regulations. According to GST law, the...

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GST and Cars

GST and Cars

Contents   What is a Car for GST purposes? GST and Car Purchases GST and Car Sales GST and Car Expenses Record keepingwhat is a CAR for gst purposes?   For the purpose of GST, a car is...

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Financial Supplies

Financial Supplies

If you engage in financial supplies, it is important that you actively report relevant information about these transactions on your Business Activity Statement (BAS). This reporting includes...

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GST on Exports

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...

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GST on Imports

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 importations,...

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GST Withholding

GST Withholding

Contents Which transactions? How much to withhold? When to withhold and remit? Seller reporting obligations Buyer obligations Seller credit Seller checklist Buyer checklist  Buyers of new...

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GST Accounting Methods

GST Accounting Methods

When it comes to accounting for GST (goods and services tax), there are two options: cash basis and non cash basis (accruals). The choice of method impacts the timing of GST reporting. If your...

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BAS

BAS

Your BAS, or Business Activity Statement, is a necessary requirement for businesses registered for GST (Goods and Services Tax) in Australia. It is a form that enables you to report and submit...

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GST and Health Services

CONTENTS GST free Medical Services Non-Medical Health Services: GST Implications Identifying the Recipient in Health Supply for GST Determination Goods Supplied in GST free Health Services GST free Treatment for Services via Third-Party Arrangements GST free Treatment...

GST on Food

To determine the GST status of a food or beverage, it's important to initially establish whether it falls within the definition of 'food' as outlined by GST regulations. According to GST law, the term 'food' includes: Items intended for human consumption, regardless...

GST and Cars

Contents   What is a Car for GST purposes? GST and Car Purchases GST and Car Sales GST and Car Expenses Record keepingwhat 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...

Financial Supplies

If you engage in financial supplies, it is important that you actively report relevant information about these transactions on your Business Activity Statement (BAS). This reporting includes disclosing the income you earned from selling financial supplies and the...

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 services from Australia are generally considered GST free. For businesses...

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 importations, regardless of their GST registration status. If you are a...

GST Withholding

Contents Which transactions? How much to withhold? When to withhold and remit? Seller reporting obligations Buyer obligations Seller credit Seller checklist Buyer checklist  Buyers of new residential premises or potential new residential land are required to pay...

GST Accounting Methods

When it comes to accounting for GST (goods and services tax), there are two options: cash basis and non cash basis (accruals). The choice of method impacts the timing of GST reporting. If your business's aggregated turnover (including closely associated entities) is...

BAS

Your BAS, or Business Activity Statement, is a necessary requirement for businesses registered for GST (Goods and Services Tax) in Australia. It is a form that enables you to report and submit payments for various taxes. With the BAS, you can report and pay: Goods and...

GST Adjustment

Contents   Reporting GST Adjustments  GST Adjustments for Sales GST Adjustments for Purchases Unaccounted Sales and Purchases How To Make GST Adjustments Types of Adjustments for GST Reporting   A GST adjustment is necessary when certain events, called...