GST consequences of managing rights, obligations and debts. This presentation explores the GST issues that may be encountered in this environment including:
- cancelled debts and bad debts
- making guarantee payments
- debt to equity swaps
- litigation - court orders and out of court settlements
- re-organising contractual obligations for consideration
- terminating contracts - cancellation fees, liquidated damages and forfeited deposits
- input tax credits for acquisitions relating to ceased activities.