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	<title>GST Advice &amp; Solutions</title>
	
	<link>http://www.gstconsulting.com.au</link>
	<description>Damian Welshe &amp; Associates</description>
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		<title>Over-reaction to the Multiflex case will erode confidence in the GST system</title>
		<link>http://www.gstconsulting.com.au/2012/02/17/over-reaction-to-the-multiflex-case-will-erode-confidence-in-the-gst-system/</link>
		<comments>http://www.gstconsulting.com.au/2012/02/17/over-reaction-to-the-multiflex-case-will-erode-confidence-in-the-gst-system/#comments</comments>
		<pubDate>Fri, 17 Feb 2012 01:00:18 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[GST administration]]></category>
		<category><![CDATA[8AAZLGA]]></category>
		<category><![CDATA[exposure draft]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[Multiflex]]></category>
		<category><![CDATA[refunds]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=475</guid>
		<description><![CDATA[The post on 9 January 2012 (link) discussed the Multiflex case and serious concerns with the previous proposed legislative amendment allowing the Commissioner to retain net refund amounts claimed on Business Activity Statements pending verification of the refund entitlement by the ATO. On 15 February 2012 Treasury released a revised draft (link) of proposed section [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>High Court to analyse the fundamentals of GST</title>
		<link>http://www.gstconsulting.com.au/2012/02/15/high-court-to-analyse-the-fundamentals-of-gst/</link>
		<comments>http://www.gstconsulting.com.au/2012/02/15/high-court-to-analyse-the-fundamentals-of-gst/#comments</comments>
		<pubDate>Tue, 14 Feb 2012 23:06:28 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[Supply and consideration]]></category>
		<category><![CDATA[cancellation]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[no-show]]></category>
		<category><![CDATA[Qantas]]></category>
		<category><![CDATA[refunds]]></category>
		<category><![CDATA[supply]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=454</guid>
		<description><![CDATA[On 10 February 2012 the High Court granted the Commissioner’s application for Special Leave to appeal the decision of the Full Federal Court in the <i>Qantas </i>case.  This case deals with the fundamental building blocks of GST including what is a supply, what different supplies may be made in any given commercial arrangement, when does a payment become consideration for a supply and which supply is the payment consideration for? [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Hire Purchase amendments – impacts for financiers and their customers</title>
		<link>http://www.gstconsulting.com.au/2012/02/06/hire-purchase-amendments/</link>
		<comments>http://www.gstconsulting.com.au/2012/02/06/hire-purchase-amendments/#comments</comments>
		<pubDate>Sun, 05 Feb 2012 21:45:37 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[Financial services]]></category>
		<category><![CDATA[GST administration]]></category>
		<category><![CDATA[adjustments]]></category>
		<category><![CDATA[amendments]]></category>
		<category><![CDATA[financial supplies]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[hire purchase]]></category>
		<category><![CDATA[input tax credits]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=423</guid>
		<description><![CDATA[On 17 January 2012 I posted about the proposed changes to the GST regulations dealing with supplies to trusts.  Also included in those Exposure Draft regulations (link) was the final piece of the puzzle for the substantial amendments to the GST rules for hire purchase (or &#8220;CHP&#8221;) transactions, to come into force from 1 July [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Valuations and the GST Margin Scheme – the current state of play</title>
		<link>http://www.gstconsulting.com.au/2012/01/25/valuations-and-the-gst-margin-scheme/</link>
		<comments>http://www.gstconsulting.com.au/2012/01/25/valuations-and-the-gst-margin-scheme/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 03:36:55 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[Property]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[margin scheme]]></category>
		<category><![CDATA[MSV 2009/1]]></category>
		<category><![CDATA[valuation]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=408</guid>
		<description><![CDATA[On 17 January 2012 the Australian Taxation Office published a “Valuation Issues Paper” in collaboration with the Australian Property Institute and the Australian Valuation Office (link).  In light of this it is worthwhile recapping on the current requirements for approved valuations for GST margin scheme calculations, and considering what this Issues Paper may add. There [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New proposed RITC rate for trustee services</title>
		<link>http://www.gstconsulting.com.au/2012/01/17/new-proposed-ritc-rate-for-trustee-services/</link>
		<comments>http://www.gstconsulting.com.au/2012/01/17/new-proposed-ritc-rate-for-trustee-services/#comments</comments>
		<pubDate>Tue, 17 Jan 2012 02:12:20 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[Financial services]]></category>
		<category><![CDATA[Input tax credit recovery]]></category>
		<category><![CDATA[exposure draft]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[input tax credits]]></category>
		<category><![CDATA[RITC]]></category>
		<category><![CDATA[trust]]></category>
		<category><![CDATA[trustee]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=338</guid>
		<description><![CDATA[The ATO has for some time been unhappy with the manner in which many trusts have been claiming 75% reduced input tax credits (RITCs) for GST incurred on services acquired through their trustee or responsible entity by “inappropriate bundling”. The Government announced in the May 2010 Budget that the law would be changed from 1 [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>GST-free brokerage and input tax credit recovery for foreign share transactions</title>
		<link>http://www.gstconsulting.com.au/2012/01/11/gst-free-brokerage-and-input-tax-credit-recovery-for-foreign-share-transactions/</link>
		<comments>http://www.gstconsulting.com.au/2012/01/11/gst-free-brokerage-and-input-tax-credit-recovery-for-foreign-share-transactions/#comments</comments>
		<pubDate>Wed, 11 Jan 2012 04:40:03 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[Financial services]]></category>
		<category><![CDATA[Input tax credit recovery]]></category>
		<category><![CDATA[brokerage]]></category>
		<category><![CDATA[financial supplies]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[GST-free]]></category>
		<category><![CDATA[input tax credits]]></category>
		<category><![CDATA[rights]]></category>
		<category><![CDATA[shares]]></category>
		<category><![CDATA[Travelex]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=290</guid>
		<description><![CDATA[The previous post referred to how the ATO has sought to apply the Travelex decision to foreign exchange businesses like Travelex itself.  The Travelex case however has further implications relating to the scope of GST-free treatment for various types of services and rights, including in respect of foreign share transactions. Pursuant to item 4 of [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ATO halves input tax credit entitlements</title>
		<link>http://www.gstconsulting.com.au/2012/01/09/ato-halves-input-tax-credit-entitlements/</link>
		<comments>http://www.gstconsulting.com.au/2012/01/09/ato-halves-input-tax-credit-entitlements/#comments</comments>
		<pubDate>Mon, 09 Jan 2012 04:59:20 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[Financial services]]></category>
		<category><![CDATA[Input tax credit recovery]]></category>
		<category><![CDATA[acquisition supply]]></category>
		<category><![CDATA[foreign currency]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[input tax credits]]></category>
		<category><![CDATA[Travelex]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=285</guid>
		<description><![CDATA[Rarely does a year go by without the ATO dropping some kind of bombshell (or truckload of new rulings) in the week before Christmas to try to distract us from holidays.  I can imagine the glint in the eyes of the ATO staff involved&#8230; While to be fair some of this had already been foreshadowed [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>High Court refuses to hear Multiflex appeal on paying GST refunds; legislative fix on its way</title>
		<link>http://www.gstconsulting.com.au/2012/01/09/high-court-refuses-multiflex-appeal-legislative-fix-on-way/</link>
		<comments>http://www.gstconsulting.com.au/2012/01/09/high-court-refuses-multiflex-appeal-legislative-fix-on-way/#comments</comments>
		<pubDate>Sun, 08 Jan 2012 23:42:21 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[GST administration]]></category>
		<category><![CDATA[8AAZLGA]]></category>
		<category><![CDATA[amendments]]></category>
		<category><![CDATA[BAS]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[Multiflex]]></category>
		<category><![CDATA[refunds]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=282</guid>
		<description><![CDATA[The High Court has refused the Commissioner&#8217;s application for special leave to appeal the decision of the Full Federal Court in the Multiflex case. As referred to in previous editions of The GiST (here and here), the Federal Court ruled that under the current legislation the ATO was required to pay a net GST refund [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Welcome to the new site!</title>
		<link>http://www.gstconsulting.com.au/2012/01/09/welcome/</link>
		<comments>http://www.gstconsulting.com.au/2012/01/09/welcome/#comments</comments>
		<pubDate>Sun, 08 Jan 2012 22:30:10 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=253</guid>
		<description><![CDATA[The website <strong>gstconsulting.com.au</strong> has undergone an overhaul.  We hope you like the new look. While editions of "The GiST" newsletter from the last 6 months have been reinstated, going forward the site will operate more of a "blog" format.  Information posts will be shorter, but more frequent and timely.  Subscribers will receive a single short email if there were any posts to the site in the previous 24 hours.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The GiST  –  25 November 2011 Edition</title>
		<link>http://www.gstconsulting.com.au/2011/11/25/the-gist-2011-11-25/</link>
		<comments>http://www.gstconsulting.com.au/2011/11/25/the-gist-2011-11-25/#comments</comments>
		<pubDate>Fri, 25 Nov 2011 00:19:35 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[105-65]]></category>
		<category><![CDATA[financial assistance]]></category>
		<category><![CDATA[financial supplies]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[GSTR 2001/8]]></category>
		<category><![CDATA[GSTR 2011/D4]]></category>
		<category><![CDATA[leases]]></category>
		<category><![CDATA[Luxottica]]></category>
		<category><![CDATA[MTAA Superannuation]]></category>
		<category><![CDATA[Multiflex]]></category>
		<category><![CDATA[National Jet Systems]]></category>
		<category><![CDATA[refunds]]></category>
		<category><![CDATA[residential premises]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=107</guid>
		<description><![CDATA[<span><span style="font-family: arial,helvetica,sans-serif;">This issue of The GiST discusses the further developments in the Multiflex case regarding BAS refunds, a couple of cases dealing with </span><span style="font-family: arial,helvetica,sans-serif;">GST refunds for transitional leases, and ATO draft ruling on</span><span style="font-family: arial,helvetica,sans-serif;"> financial assistance payments, a</span><span style="font-family: arial,helvetica,sans-serif;">pportioning partly taxable supplies, and the introduction of legislative amendments for f</span><span style="font-family: arial,helvetica,sans-serif;">inancial supplies and residential premises. <span style="color: #cc0000;">[<a href="http://www.gstconsulting.com.au/2011/11/25/the-gist-2011-11-25/"><span style="color: #cc0000;"></span></a><a href="http://www.gstconsulting.com.au/2011/11/25/the-gist-2011-11-25/"><span style="color: #cc0000;">read more</span></a>]</span></span><span style="font-family: arial,helvetica,sans-serif;"></span></span><span style="color: #cc0000;"> </span>]]></description>
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		<slash:comments>0</slash:comments>
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