- The ATO has issued draft instrument LI 2026/D19 to replace the current 2016 GST determination for restaurants, cafés, and catering businesses before it sunsets on 1 October 2026.
- The draft continues the existing GST framework for eligible businesses that are GST-registered and have GST turnover below the small enterprise threshold (currently AUD 2 million).
- It is mainly a continuity measure, letting eligible businesses keep using the simplified GST method instead of classifying every trading-stock purchase individually.
- The rules would apply to monthly, quarterly, and annual GST periods, with businesses needing to remain eligible and have notified the Commissioner if using the simplified method.
- The draft is still under consultation and would start the day after it is registered, so businesses should watch for the final version.
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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