Australian GST Handbook 2021-22

Australian GST Handbook 2021-22

The Australian GST Handbook 2021-22 comprehensively explains the operation of the GST system, covering all aspects of the GST legislation and its relationship with other taxes, including income tax and CGT.

Practical explanations highlight the impact of GST on day-to-day transactions, with special focus on key areas such as real property and claiming input tax credits. Solid understanding of all areas is facilitated by overviews and worked examples. It has a depth of coverage and analysis not matched by other GST guides.

Written with both practitioners and students in mind, the GST Handbook covers the full gamut of GST issues that readers will face. 

The 2021-22 edition is up-to-date as at 1 July 2021.

What's New in the Australian GST Handbook 2021-22

·         ATO not obliged to pay refund on GST refund (Travelex: High Ct)

·         Win for casino operators (Crown Melbourne)

·         Scrap gold case, this one successful for taxpayer (ACN 154 520 199 In Liq)

·         An unsuccessful scrap gold case, ie for taxpayer (Very Important Business)

·         Other cases (incorrect allocation of ITCs (BSRJ); supply of services in a brothel (Zhang); sales of vacant land (San Remo Heights))

·         GST and transaction accounts (4 major rulings)

·         Other rulings (tax invoices, burial rights, bedding, land development in ACT etc)

·         Legislative instruments (adjustment notes, tax invoices)

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