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14 Jan 099 GST and grants for non-profits

The ATO advises that non-profit organisations continue to make mistakes about how to treat grants for GST purposes, so, this issue has been placed on to the Public Ruling Program. The ATO has started a review of GSTR 2000/11 - GST: grants of financial assistance [PDF, 227KB] and it will issue a draft public ruling. Until it withdraws GSTR 2000/11, it advises non-profit organisations to continue to follow the guidance this ruling provides. For a copy of the ATO advice, go here.

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