TABL5551 - PowerPoint slides - Week 11 - GST.pdf

Digital games e books streaming of movies

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digital games, e-books, streaming of movies, professional, legal, educational and gambling services etc) 2. for consideration 3. by a foreign entity located outside Australia 4. to an “Australian consumer” TABL5551 - RHW adapted - Week 11 - GST 41
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An “Australian consumer” is: an Australian resident who is either * not registered for GST or * is registered, but does not acquire the item for the purpose of their enterprise (i.e. they are buying the item for private or domestic purposes) Defences: supplier reasonably believes the recipient is not an Australian consumer either 1. on the basis of their business systems or reasonable steps taken, or 2. because they reasonably believe the purchaser is registered for GST (where the purchaser quotes their ABN and provides a declaration) TABL5551 - RHW adapted - Week 11 - GST 42
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Administration of the GST system [ATL 1629] : The GST system has similar administrative provisions as income tax, though with some differences to take account of the different nature of GST: 1. investigation powers same as income tax 2. rulings (special provisions) 3. returns and assessments ( similar to income tax) 4. assessment 5. payment and recovery of GST (special provisions on refunds) 6. objection and review (same as income tax) 7. anti-avoidance ( similar to Part IVA but additional “principal effect” test and additional factors) 8. Offences and penalties (same as income tax, but additional offences relating specifically to GST) TABL5551 - RHW adapted - Week 11 - GST 43
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End of Week 11 GST Next week Week 12 Tax Administration TABL5551 - RHW adapted - Week 11 - GST 44
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