Transcription of GST Developments - 2017 Peter Adams
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GST Developments - 2017 Peter Adams
1 GST Developments - 2017 Peter AdamsSession 5 GST Refunds Legislative Change Businesses would be denied under the proposed Div36 a refund of excess GSTrecorded in the BAS and paid, except in two specific GST has not been passed on to another entity -where supplier bears economic cost of GST, rather than transfer it to customer as increased prices; excess GST has been passed on by supplier to another entity, but that entity has received a reimbursement of GST and is not registered for GST. Outside of those two exceptions, the Commissioner has no clear basis for refunding the excess GST.
1 GST Developments - 2017 Peter Adams Session 5 GST Refunds –Legislative Change •Businesses would be denied under the proposed Div36 a refund of excess GST
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