This session was held for young practitioners. It provided coverage of the fundamental concepts which are essential to the operation of the Australian GST regime, as well as exploring a selection of slightly more advanced topics that are important to clients and may be misunderstood or prone to errors.
Topics included:
- the extent of creditable purpose - how does this operate and what is the impact when the intended use of your acquisition changes
- dealing with non-deductible expenses - what are the common mistakes and how do you ensure compliance
- sale of a going concern - risks and issues to be aware of
- structuring entities for GST - issues in respect of GST groups and inter-entity transactions.