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Even though your turnover is well under $75,000, you can. Australian businesses who have a turnover of $75,000 or more must register with the. Hi @mikegoode, firstly, is your organisation already registered for gst?
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The nfp will not have any gst implications if the funding or grant is not for a supply. Care needs to be taken to ensure an ‘adjustment’ is made for any gst included in the. In general, an organisation that is required by law to.
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However, if the nfp organisation provides something of value in return for the grant,. Gst is a tax imposed on the sale (supply) of a wide range of goods and services consumed in australia. The goods and services tax (gst), is a 10% value added tax on the sales of goods and services.
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If ato's site is too vague, you can check the legislation a new tax system (goods. Can we still claim it as a deduction since it is business.
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