While GST is a tax that businesses deal with every day, keeping abreast of changes is now more difficult than ever. Over the past year there has been a noticeable increase in GST activity with the release of a myriad of GST cases, rulings and legislative changes.
This paper gives:
- a summary of changes to the margin scheme
- an update of key developments, including topical cases, recent GST rulings and ATO announcements
- an outline of common focus areas for ATO audits
- consideration of the application of GST to alternative structures.