Claiming GST Credits on the Accountancy ... - Class Limited

Can I Claim GST Credits on the Accountancy , taxation and audit fees of an SMSF? Kevin Zhang, Compliance and Technical Services Manager, Class Super For the Class Super Info Hub We often get asked why GST Credits (whether at 100% or reduced Credits at 75%) on the Accountancy , taxation and audit fees can't be claimed, despite the SMSF being registered for GST. Our understanding of the legislation is such that the Accountancy , audit and taxation fees are generally not a reduced input tax credit acquisition unless they fall under one of the following exceptions, under GST. regulations: Item 24: The following administrative functions are in relation to investment funds, including those functions for superannuation schemes: (a) maintaining member and employer and trustee records and associated accounting.

For the Class Super Info Hub We often get asked why GST credits (whether at 100% or reduced credits at 75%) on the Accountancy, Taxation and Audit fees can’t be claimed, despite the SMSF being registered for GST. Our understanding of the legislation is such that the Accountancy, Audit and Taxation fees are generally not

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  Class, Audit, Taxation, Fees, Accountancy, The accountancy, Taxation and audit fees

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