GST Legislation & Application
The Scout Association of Australia Queensland Branch
Inc is registered for GST under ABN 67 019 153 391 from 1st July 2000.
Under GST legislation, non-profit organisations may choose
to have some (or all) of it separately identifiable branches or units treated
as separate entities for GST purposes. The separate units are called non-profit
sub-entities. To use this option, the main organisation must be registered
for GST and remain registered, and record that a separately identifiable branch is to be treated as a non-profit sub-entity for GST purposes.
A unit will be considered to be independent if it:
- maintains
an independent system of accounting
- can
be separately identified from the main organisation by its location or by
its activities.
Formations may elect to register as a
GST Branch and be identified a non-profit sub-entity.
Only Formations that are registered as a GST Branch are eligible to lodge an activity statement and each GST branch effectively operates as a distinct entity for reporting purposes. This means:
- GST is payable on taxable sales between GST branches and the parent entity
- GST is payable on taxable sales between GST branches
- GST credits can be claimed on both of these transaction types.