• Is the $100 threshold limit GST inclusive or exclusive?

    The $100 threshold rule includes GST included in the price of the item. There is no need to separately identify any GST applicable to individual items. Division 27 of the Income Tax Assessment Act 1997 (ITAA 1997) ensures that a deduction is not available for expenditure to the extent it relates to an input tax credit or decreasing adjustment under the GST legislation.

      Last modified: 19 Jun 2015QC 17149