Your shopping cart is empty

GST may apply to forfeited deposits.

Publication date: 11 Nov 08 | Source: AUSTRALIAN LAW JOURNAL

Issue: November 2008

Pages: pp.751-752


- does a vendor make a "supply" in consideration of a forfeited deposit?

- is the deposit consideration for the supplies made on exchange?

- does GST apply to all forfeited deposits?

- will GST apply where the underlying sale is GST-free or input taxed?

- what is the expected impact on vendors?

- what are the implications for margin scheme sales?

- what can a vendor do to ensure that it continues to receive the full 10% value of a forfeited deposit?

This item is not available for download from this website. Please contact the Tax Institute library for assistance. Charges will apply.

Author profile

Click here to expand/collapse more articles by Matthew CRIDLAND.