GST 101

New to GST or looking for a refresher? We go back to basics on what is GST and how it is administered in Australia.

In this session, we cover:

• GST – basic rules and concepts

  • Carrying on an enterprise

  • Registration turnover threshold

• Types of supplies

  • Taxable supplies

  • GST-free supplies

  • Input taxed supplies

  • Reduced input tax credits (RITCs)

• GST Group registration

• Adjustment events

• Related party transactions

• GST-free going concern

Date recorded: 28 October 2024