Description |
41 pages : color illustrations ; 25 cm |
Series |
The new tax system - make it your business |
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New tax system - make it your business
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Contents |
Part 1. The New Tax System -- Major elements of The New Tax System -- How to register for The New Tax System -- Streamlined reporting -- Preparing early -- pt. 2. Understanding your GST entitlements and obligations -- Who will monitor prices? -- How does GST work? -- How do you work out GST on taxable supplies? -- Input tax credits -- Wholesale sales tax credit -- What is subject to GST? -- GST-free supplies -- Input taxed supplies -- Importations -- pt. 3. Accounting for GST -- Tax periods -- Attributing GST and input tax credits to tax periods -- Cash basis -- Non-cash basis -- Tax invoices -- Supplies of less than $1000 -- Supplies of $1000 or more -- Taxable and non-taxable supplies -- Importations -- Payments and refunds of GST -- Adjustments -- Adjustments because of a change in price -- Adjustments because of a change in use -- Adjustment notes -- Adjustments because of bad debts -- pt. 4. Other GST issues -- Exports -- Share farming -- Hobby farmers -- Auctions -- Computer aided livestock marketing (CALM) sales -- Contracts -- Leasing, rental and hire-purchase -- Forward contracts -- Pool payments -- Prepayments and part-payments -- Food -- What is defined as 'food'? -- What is not defined as 'food'? -- What food is GST-free? -- What food is not GST-free? -- Does the packaging of food attract GST? -- When is GST applied in the food supply chain? -- Livestock sales -- Farm gate sales -- Levies -- Subsidies -- Reduced fuel costs -- Duties payable on petrol -- Input tax credit for petrol and diesel used by registered businesses -- Diesel Fuel Rebate Scheme extended -- Grant for on-road uses of diesel and alternative fuels -- Input tax credits for new motor vehicles -- Accommodation -- Insurance -- Second-hand goods -- Purchases of second-hand goods from an unregistered entity -- Purchases of second-hand goods from a registered entity -- Second-hand goods on hand at the start of 1 July 2000 -- Sale of a going concern -- pt. 5. List of definitions -- Other booklets in the series -- Need more information?d entity -- |
Notes |
"NAT 2985-3.2000" |
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"Revised 2/3/2000" |
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Cover title |
Subject |
Livestock -- Taxation -- Australia.
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Taxation -- Australia.
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Value-added tax -- Australia.
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Author |
Australian Taxation Office.
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ISBN |
0642421692 |
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