News

Property Practitioners – Notice From the ATO – GST at Settlement

The ATO recently held three webinars about different technical aspects affecting GST at settlement.

There was a lot of interest in these webinars and they were fully booked. Recordings of the webinars are below.

 

GST at settlement – Overview

  • Overview of process
  • Completing forms
  • Completing your BAS
  • Tips to avoid common mistakes
  • Common questions
  • How to fix a mistake

 

How to get GST at settlement right

  • Enterprise test
  • relying on vendor notices
  • creditable purpose
  • margin scheme
  • penalties
  • reporting non-compliance

 

GST at settlement – Cutting through the complexities

  • Subdivisions
  • Discounts and rebates
  • Mortgagee in possession
  • Non-residents

 

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