The ATO has released information for Australian government agencies on the GST treatment of taxes, fees and charges under the amended Div 81 of the GST Act. The ATO reminds agencies that the Treasurer’s usual determination, which lists government charges that are exempt from GST, will no longer apply from 1 July 2013 ie it only applies until 30 June 2013. From that date, government agencies must review all their government charges to self-assess whether GST is payable.
From 1 July 2013, all government charges may be subject to GST if they:
- do not fall within the exemptions provided under the amended Div 81 and consolidated regulations, and
- satisfy the requirements of a taxable supply.
[LTN 226, 21/11]