GST tips for non-profit organisations

Terms we use

When we say:

• sales, we are referring to the GST term supplies, including:
• the sale or a supply of goods or services
• lease of premises
• equipment hire
• giving advice or information, and
• exporting goods.
   
• purchases, we are referring to the GST term acquisitions - purchases include:
• goods and services, such as trading stock
• entering into a lease, and
• consumables and other things acquired in the course of your operations.
   
• GST credits, we are referring to the GST term input tax credits
   
• payment (made or received) we are referring to the GST term consideration.
   
• officer, we are referring to an office holder, for example a treasurer in an organisation which is a company
   
• agent, we are referring to any person or entity that is authorised to incur expenses on behalf of the organisation
   
• an expense that is not listed as non-deductible, we are referring to non-deductible expenses in Division 69 of A New Tax System (Goods and Services Tax) Act 1999, for example recreational club expenses and some entertainment expenses.

Last Modified: Thursday, 18 June 2009