GOODS AND SERVICES TAX (GST)

Course overview

This course provides a practical and comprehensive overview of the Goods and Services Tax (GST) in Australia for professional users. It explains how GST operates, how to determine the correct GST treatment of supplies, and how to manage registration, invoicing, reporting, and higher-risk areas such as property and cross-border transactions.

Course objectives
• Explain the policy design and operating mechanics of GST, including GST payable and input tax credits.
• Apply the registration rules, attribution choices, invoicing standards, and reporting requirements to realistic business scenarios.
• Classify supplies correctly as taxable, GST-free, or input taxed, including mixed and composite supplies.
• Calculate GST outcomes for common and higher-risk transactions, including adjustments, error corrections and time limits.
• Implement practical GST controls and documentation practices to reduce exposure and improve compliance outcomes.

Learning outcomes
• Determine whether an entity is required to register for GST, and evaluate voluntary registration decisions.
• Apply the elements of a taxable supply and recognise when supplies are GST-free or input taxed.
• Calculate GST payable and input tax credits using whole-number calculations and GST-inclusive and GST-exclusive amounts.
• Prepare a GST compliance approach for activity statement reporting, adjustments, and documentation requirements.
• Analyse higher-risk GST areas including property, vouchers, reimbursements, cross-border supplies, and grouping structures.