| Description |
45 pages : color illustrations ; 25 cm |
| Series |
The new tax system - make it your business |
|
New tax system - make it your business
|
| Contents |
Chapter 1. The new tax system -- Major elements of the new tax system -- How to register for the new tax system -- Streamlined reporting -- Preparing early -- ch. 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 -- ch. 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 -- ch. 4. Other GST issues -- Education goods and services -- GST-free courses and higher education and training -- Professional or trade courses -- Tuition and course materials -- Deposits -- Boarding accommodation -- Field trips and excursions -- Commercial sales -- Transport provided by a private operator -- Endorsement for income tax concessions -- Outline of how the new arrangements will operate -- Donations, grants, appropriations, sponsorships, and fundraising -- GST branches -- Insurance -- Contracts -- Leasing, rental and hire purchase -- Subscriptions and memberships -- Tuckshops and canteens -- Food -- What is defined as 'food'? -- What is not defined as 'food'? -- What food is GST-free? -- What food is not GST-free? -- Input tax credits for new motor vehicles -- 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. -- Seond- |
| Summary |
This booklet provides an outline of The New Tax System, in particular how the goods and services tax (GST) works. It has been written specifically for providers of higher education and training, in particular, tertiary education providers, universities, TAFE colleges, and other registered training organisations |
| Analysis |
Accounting |
|
Federal issue |
|
Goods and services tax |
|
Tax reform |
|
Tertiary education |
|
Vocational education and training |
| Notes |
"Current as at 24 November 1999" |
|
Cover title |
|
NAT 2995-10.1999 |
|
Commonwealth of Australia |
| Subject |
Business enterprises -- Taxation -- Australia.
|
|
Education, Higher -- Taxation -- Australia.
|
|
Taxation -- Australia
|
|
Taxation -- Australia.
|
|
Technical education -- Taxation -- Australia.
|
|
Value-added tax -- Australia.
|
|
Vocational education -- Taxation -- Australia.
|
| Author |
Australian Taxation Office.
|
| LC no. |
00002126 |
| ISBN |
064242179X |
|
