SpacetoCo - Updating Invoices for GST changes
For any groups that are no longer registering for GST, the settings are managed at the individual Host account level:
The
Result: Once toggled off, GST will no longer be applied to the invoices or
receipts generated for their customers.
How
GST is treated moving forward There is one important distinction to keep in
mind regarding the GST you pay to SpacetoCo:
On
Bookings: If a group toggles GST "Off," they stop charging GST
to their guests.
On
Commissions: Because SpacetoCo is a GST-registered entity, we are still
required to charge GST on the commission fees we provide.
Tax
Claims: If a group is not GST-registered, they will still pay the GST on
our commission (similar to buying supplies at a retail store), but they
won't be able to claim that GST back from the ATO.
This
setup allows each group under the Scouts QLD umbrella to remain compliant based
on their specific tax status.
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Document attached