capital purchases or Non-capital purchases can claim back GST?

2007-04-29 11:33 am
anyone know capital purchases or Non-capital purchases can claim back GST?

1.how about buy goods and put in shop, did not sell yet, can i claim back 10% GST from ATO?
2.and rent, can i claim back 10% from rent?
3.how about my business expense?
4.buy computer and equiptment use in business, can i claim back GST?

回答 (4)

2007-05-01 8:56 am
✔ 最佳答案
Not everything has GST in it and you may only claim the GST if you yourself are registered for GST (ie you will be able to claim it but will also have to charge it to customers). When yo claim the GST also depends on what accounting basis you are on- ie "cash" or "non Cash"

IF you are on a cash basis then you only record in the BAS the values of items you have physically paid for and sales that have been completed and money received if on a non cash basis then you must include items that you have been billed for but also all the sales you may have billed but not yet received the money.... so that will make a big difference in relation to when you claim items.
People registered for GST you will get a BAS to fill out and in that document you work out what the actual GST was in both your expenses and sales as if there is no GST you cant claim it.
Residential rent is input taxed but I assume that you are talking about commercial rent which generally includes GST IF the owner is registered for GST if they are not registered then there is nothing to claim back. All registered vendors are required to furnish you with tax invoices and these must refer to the GST to be valid so you should fairly easily be able to work out whether the expense includes GST or not.
I reccomend that you refer to the ATO website for more info on GST, GST registration, BAS and lodgment of BAS.

http://www.ato.gov.au/businesses/content.asp?doc=/content/20724.htm
2016-12-27 9:30 am
Best Answer: Not everything has GST in it and you may only claim the GST if you yourself are registered for GST (ie you will be able to claim it but will also have to charge it to customers). When yo claim the GST also depends on what accounting basis you are on- ie "cash" or "non Cash"
2016-03-19 10:16 am
You need to find yourself an accountant. Claiming for GST input credits is part of PAYING the GST to the taxman, so you need to know how to do that correctly right from day one. You cannot claim personal use of a vehicle as a tax writeoff. Commuting to and from work is personal. So if your company is leasing the vehicle, you personally owe taxes on the personal use. As I said, you need an accountant to explain all this to you, or you'll get yourself into big doodoo really quickly. It doesn't have to be expensive, but you do need someone to help you set things up and do them properly.
2016-12-13 12:19 am
Non Capital Purchases Gst


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