Updated and enhanced Practical Law resource: Practice note, Goods and Services Tax (GST)
Practice note, Goods and Services Tax (GST) has been updated and republished with additional guidance on the legal and practical issues associated with the Goods and Services Tax (GST) regime in Australia. It includes updated information on topics such as:
- Carrying on an enterprise.
- Taxable supplies.
- Calculating adjustments on acquisitions and supplies.
- Adjustments relating to financial supplies.
- Financial services supplies.
- Entitlements to reduced input tax credits for financial services providers.
- The application of the margin scheme.
- GST withholding requirements in relation to new residential premises and potential residential land.
Various general updates have also been made across this resource to improve its overall readability.
Practical Law Australia’s expert legal writers have practical expertise gained from some of the country's leading law firms and corporate legal departments, including Ashurst, Baker & McKenzie, Gilbert + Tobin, Herbert Smith Freehills, the Australian Broadcasting Corporation (ABC) and more. They understand the pressure to deliver timely and cost effective legal advice, which is why Practical Law’s fully maintained practice notes, precedents, drafting notes and checklists offer clear and concise know-how with a practical perspective.
For more information on Practical Law Australia’s legal writing team, visit legal.thomsonreuters.com.au/practical-law-team