The decision provides an interesting discussion on the requirements for a “creditable acquisition” under s 11-5 of the GST Act, in particular the need for there to be a sufficient connection between acquisitions made by registered entities and the enterprise carried on by the entity. Facts Th...
Prior research has attempted to examine the influence of the GST on general price levels, but little research effort has been directed to investigate the impact of the GST on mortgage costs. Using proprietary data of major building societies in Australia for 36 months, this paper examines the ...
All goods other than in frozen state and put up in unit containers is exempted to pay GST. GST concession on Meat of bovine animals, fresh and chilled. No GST payable on Meat of swine, fresh or chilled. GST on Meat of sheep or goats, fresh or chilled is nil rate. No GST payable o...
The introduction of a Goods and Services Tax (GST) in Australia will have a profound impact on many sporting bodies that will now have to understand and operate within the complexities of this new system of indirect taxation. Many issues arise in this context, including whether such bodies need...
The post Why You Choose DaaS in Australia first appeared on Karvygst.]]> In the advent of innovation brought about by technology, business frontrunners of large and small organizations can now see a market adjustment or a market revolution due to the presence of a subscription system. You, ...
GST overview GST is a tax, usually 10 percent, on the supply of most goods, services, and other products consumed in Australia. GST is charged at each step in the supply chain. However, if you are registered for GST, you can claim input tax credits from the Australian Taxation Office (...
However, the broad-based indirect tax reforms implemented over this period have become marginally more regressive and, because they have become more important as a revenue source, they now impact more adversely on post-tax income distribution. In the case of taxes other than the personal income ...
The legislation was published as an exposure draft in February 2014. My post discussing the exposure draft can be accessedhere. Legislation was previously introduced into the House of Representatives on 26 June 2013 but the bill lapsed upon the calling of the election. At around that time I pre...
Hi Team, As my company operating in Australia, and we do register our GST (Tax) in New Zeeland too (1st screenshot), which mean we can claim GST on
I'd like a response on this as well please, especially now as Adobe emailed me this morning to tell me that "Adobe monitors currency exchange rates in order to make adjustments to our pricing up or down as needed." and are hiking up my subscription pricing per month on 5 June 2017 (...