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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>Properly considering GST important in drafting contracts for Farm-Outs</title>
		<link>http://www.gstconsulting.com.au/2012/05/16/gst-implications-for-farm-ins-and-farm-outs/</link>
		<comments>http://www.gstconsulting.com.au/2012/05/16/gst-implications-for-farm-ins-and-farm-outs/#comments</comments>
		<pubDate>Wed, 16 May 2012 01:14:05 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[Mining]]></category>
		<category><![CDATA[Supply and consideration]]></category>
		<category><![CDATA[farm-out]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[mining]]></category>
		<category><![CDATA[MT 2012/1]]></category>
		<category><![CDATA[MT 2012/2]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=547</guid>
		<description><![CDATA[Farm-in/farm-out arrangements, which are common in the mining and petroleum industries, raise all sorts of interesting tax issues, including for GST. Careful consideration needs to be given to what is the consideration (including non-monetary consideration) for the various GST supplies being made, and to what monthly or quarterly tax periods the GST liabilities and input [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>No rest for GST in Retirement Villages</title>
		<link>http://www.gstconsulting.com.au/2012/04/20/no-rest-for-gst-in-retirement-villages/</link>
		<comments>http://www.gstconsulting.com.au/2012/04/20/no-rest-for-gst-in-retirement-villages/#comments</comments>
		<pubDate>Fri, 20 Apr 2012 02:06:52 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[Property]]></category>
		<category><![CDATA[Retirement villages]]></category>
		<category><![CDATA[Supply and consideration]]></category>
		<category><![CDATA[DMF]]></category>
		<category><![CDATA[exit fee]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[GSTR 2012/D2]]></category>
		<category><![CDATA[residential premises]]></category>
		<category><![CDATA[retirement village]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=532</guid>
		<description><![CDATA[The retirement village industry has undergone considerable scrutiny over the last year or so in respect of Australian GST issues. There was the controversial ATO public ruling (GSTR 2011/1) dealing with the development and sale of a leasehold village, potentially killing new deals. An ATO Taxpayer Alert (TA 2010/7) waved an angry stick at alleged [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GST and input tax credit recovery for M&amp;A costs [Part 2]</title>
		<link>http://www.gstconsulting.com.au/2012/04/10/gst-and-input-tax-credit-recovery-for-m-and-a-costs-part-2/</link>
		<comments>http://www.gstconsulting.com.au/2012/04/10/gst-and-input-tax-credit-recovery-for-m-and-a-costs-part-2/#comments</comments>
		<pubDate>Tue, 10 Apr 2012 02:10:53 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[Financial services]]></category>
		<category><![CDATA[Input tax credit recovery]]></category>
		<category><![CDATA[adjustments]]></category>
		<category><![CDATA[bundling]]></category>
		<category><![CDATA[financial supplies]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[GSTD 2011/3]]></category>
		<category><![CDATA[GSTD 2012/3]]></category>
		<category><![CDATA[input tax credits]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[RITC]]></category>
		<category><![CDATA[shares]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=511</guid>
		<description><![CDATA[Part 1 of this series posted on 27 March 2012 (link) discussed the claiming of input tax credits for GST incurred on M&#38;A costs. This post looks at the ability to make later adjustments to the input tax credits claimed (or not claimed), and other issues including claiming 75% reduced input tax credits (RITCs) and [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GST and input tax credit recovery for M&amp;A costs [Part 1]</title>
		<link>http://www.gstconsulting.com.au/2012/03/27/gst-and-input-tax-credit-recovery-for-m-and-a-costs-part-1/</link>
		<comments>http://www.gstconsulting.com.au/2012/03/27/gst-and-input-tax-credit-recovery-for-m-and-a-costs-part-1/#comments</comments>
		<pubDate>Tue, 27 Mar 2012 02:00:18 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[Financial services]]></category>
		<category><![CDATA[Input tax credit recovery]]></category>
		<category><![CDATA[adjustments]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[input tax credits]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[RITC]]></category>
		<category><![CDATA[shares]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=505</guid>
		<description><![CDATA[An issue that continually arises with clients, and has been the subject of several ATO publications over the last year, is the input tax credit recovery for GST on costs relating to potential M&#38;A deals (eg legal and accounting fees, investment bank charges, brokerage and valuation fees), and what to do when the form of [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GST and employee accommodation</title>
		<link>http://www.gstconsulting.com.au/2012/03/19/gst-and-employee-accommodation/</link>
		<comments>http://www.gstconsulting.com.au/2012/03/19/gst-and-employee-accommodation/#comments</comments>
		<pubDate>Mon, 19 Mar 2012 04:33:11 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[Input tax credit recovery]]></category>
		<category><![CDATA[Mining]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[accommodation]]></category>
		<category><![CDATA[commercial residential premises]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[GSTR 2012/D1]]></category>
		<category><![CDATA[input tax credits]]></category>
		<category><![CDATA[mining]]></category>
		<category><![CDATA[residential premises]]></category>
		<category><![CDATA[retirement village]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=500</guid>
		<description><![CDATA[The GST treatment of employee and contractor accommodation arrangements has been a controversial issue since the GST was first introduced. While most of the debate has been over short-term accommodation at remote mining sites, the principles that have evolved have application to a far broader range of employee/contractor arrangements, particularly in the mining, oil and [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GST refund amendments watered down, but still limited taxpayer rights</title>
		<link>http://www.gstconsulting.com.au/2012/03/05/gst-refund-amendments-watered-down-but-still-limited-taxpayer-rights/</link>
		<comments>http://www.gstconsulting.com.au/2012/03/05/gst-refund-amendments-watered-down-but-still-limited-taxpayer-rights/#comments</comments>
		<pubDate>Mon, 05 Mar 2012 02:09:49 +0000</pubDate>
		<dc:creator>Damian</dc:creator>
				<category><![CDATA[GST administration]]></category>
		<category><![CDATA[8AAZLGA]]></category>
		<category><![CDATA[BAS]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[refunds]]></category>

		<guid isPermaLink="false">http://www.gstconsulting.com.au/?p=488</guid>
		<description><![CDATA[On 1 March 2012, just 11 business days after the Exposure Draft legislation was released by Treasury for comment, Parliament released the Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012 (link) which contains the amendments giving the Commissioner of Taxation the ability to retain GST (and other tax) refunds to undergo verification [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<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>
		<wfw:commentRss>http://www.gstconsulting.com.au/2012/02/15/high-court-to-analyse-the-fundamentals-of-gst/feed/</wfw:commentRss>
		<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>
		<wfw:commentRss>http://www.gstconsulting.com.au/2012/02/06/hire-purchase-amendments/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<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>
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