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GST and the Not-For-Profit Sector

Published on 10 Aug 1999 | Took place at Adelaide Festival Centre , SA

Topics discussed are: what activities are taxable; qualifying for GST-free treatment; accounting for the changes; tax invoices; employee/volunteer reimbursements; fundraising; interaction with FBT.

Individual sessions

Not for profit organisations

Author(s):  David KUHNE,  Peter SIEBELS Within the GST environment, a non profit organisation will need to : classify the supplies that it makes into GST-free, GST taxable or input taxed; have a system to trap GST credits on the purchases they make; and have a system which can effectively balance the amount of GST payable and claim as credits GST paid on purchases and the credits for GST paid in fuel. The presentation outlines : What is a non-profit; Are non-profits treated differently?; Clubs and associations; Compliance systems; GST Free in Health and Education; Non Commercial supplies of Charitable institutions; Nominal Considertion; Second Hand Goods; Raffles and Bingo; When is a grant taxable; Contra deals; Vouchers; and Motor vehicles.

Materials from this session: