[4044] GST and residential colleges
Title
Final Practical Compliance Guideline
Goods and services tax and residential colleges
Purpose
The final Guideline will replace the Residential Colleges GST Tool, which will be discontinued from 31 December 2022. The Guideline will set out the Commissioner’s proposed compliance approach for universities and residential colleges supplying accommodation, meals, tertiary residential college courses and religious services to resident students and claiming input tax credits.
Expected completion
December 2022
Comments
Draft PCG 2022/D3 published on 14 September 2022. Comments period closed on 30 September 2022.
Source: gov.au
Latest Posts in "Australia"
- US Tariff Overhaul Spurs Refund Rush, New Duties for Australian Exporters Amid Policy Uncertainty
- Australia Unveils Tougher Penalties for Tax Adviser Misconduct, Holding Partners Accountable
- Government Announces Additional Fuel Excise Cut and GST Windfall Return for Motorists and Businesses
- ATO Urges Businesses to Review GST Turnover, Update Reporting Methods Before July 2026
- EU-Australia Free Trade Deal Boosts Exports, Faces Criticism Over Agricultural Quotas and Protections
