GST
How to claim GST
Must our Formation be using Xero to claim GST? Yes, the Formation must be using Xero to claim the GST. This is because Branch Support Office has access to the Xero file, therefore the GST can be reviewed for compliance prior to lodgement with the ...
GST Fundamentals
What are a Formation’s GST obligations? This depends on the turnover of your Formation. If your Formation earns less than $150,000 in revenue per annum you are not obligated to account for GST. However if the Formation earns over this threshold ...
GST for Formations
Commercial & Non-commercial activities With regards to Commercial Activities the ATO advises the following: “The commercial activities of an endorsed charity, gift deductible entity or government school are taxable but the non-commercial activities ...