This practical webinar, which incorporates the proposed legislative changes, will help you identify and calculate any GST adjustments which need to be made in GST returns for the period ending 31 March 2022.
Topics covered include how adjustments are calculated, the application of the adjustment rules when assets enter and exit the GST base (on purchase, registration, sale and deregistration), and when the use of an asset changes to total taxable or total non-taxable use.
Changes to the adjustment made on the sale of an asset which had both taxable and non-taxable use will be considered, including the application of the adjustment rules on the sale of a farmhouse which has been used in the farmer’s taxable activity.
Extensive use of worked examples will illustrate the application of the GST rules which apply to goods and services used for both taxable and non-taxable purposes.
Intermediate to senior accountants, in-house accountants, tax lawyers and others who advise clients on GST issues.
Susan Ballantyne, Senior Associate, Tomlinson Law
1.5 CPD Hours