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.
Miscellaneous
1999
Not for profit organisations
Source: South Australia
Published Date: 10 Aug 1999
Details
- Published By: Peter Siebels, David Kuhne
- Published On:10 Aug 1999
- Event Name:GST and the Not-For-Profit Sector
- Session Name:Not for profit organisations
- Read Time:30+ minutes
- Took place at:Adelaide Festival Centre
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Tags
Miscellaneous
1999
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