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What is GST?

What is supply/acquisition?

What is an Australian Business Number [ABN]?

Who should register for GST?

What is a Business Activity Statement [BAS] and when should it be completed?

Requirements of a Tax compliant Invoice

What if an ABN is shown but the words 'Tax Invoice' aren't shown? or no ABN quoted?

What is a Recipient Created Tax Invoice [RCTI] and when should it be issued?

The importance of Flinders University being an Income Tax Exempt Charity Status [ITEC] and deductible Gift Recipient [DGR]

Procedures receipting for donations



Goods and Services Tax

Requirements of a Tax Compliant Invoice

A tax invoice is a special type of invoice, which contains specified items of information that are required for effective operation of the GST system.

As a general rule the guide is:
  • Supplier has an ABN and is registered for GST = Tax Invoice
  • Supplier has an ABN and is NOT registered for GST = Invoice

TAX INVOICE TABLE

Invoices total value less $1,000* Invoices total value more $1,000
ABN of Supplier
Y
Y
GST-inclusive price of taxable supply
Y
Y
Words “Tax Invoice” stated prominently
Y
Y
Date of issue of the tax invoice
Y
Y
Name of supplier
Y
Y
Brief description of each thing supplied
Y
Y
When GST is exactly 1/11th of the total price, either ‘the total price includes GST’
or the GST amount
Y
Y
Name of recipient

Y
Address or ABN of recipient
  Y
Quantity of goods or extent of services supplied
  Y

*These less detailed requirements are designed to accomodate smaller business transactions. They will be satisfied by most retail cash receipts.