Seminars

1.AN OVERVIEW OF GST FOR AUSTRALIAN LOCAL GOVERNMENT

1.AN OVERVIEW OF GST FOR AUSTRALIAN LOCAL GOVERNMENT
This module is important for beginners and those who need a refresher or confirmation that they are sufficiently knowledgeable about this tax.
Matters covered include:
*Why councils are caught in the GST net
*The position where Council is ‘selling’ something such as services
*The position where Council is ‘buying’ something such as the services of a plumber and related plumbing material
*Doing the arithmetic for sales and acquisitions
*Introducing the concepts of supply, creditable acquisition, adjustment and other necessary terms
*A brief look at the GST treatment in various financial records
*Completing the BAS for the GST component
*An introduction to GST documentation including the tax invoice, adjustment note and RCTI