claiming GST as a cost

Question

Apologies if this has already been asked and answered. I'm having a discussion with a colleague re claiming of GST on an invoice where the entity has an ABN and is not registered for GST.

If a tax invoice total is $1,100, being $1,000 for the item and $100 GST, does the entity claim (in their tax return) the expenditure amount as $1,100 or $1,000? Is the GST included as expenditure if the entity is not obliged to register for GST (as their income is under $75k)?

Thanks in advance.

duncans · Answer

TamK&nbsp;&nbsp;An Entity registered for GST issues a Tax Invoice.An Entity not registered for GST issues a Invoice (with no GST).Both require a ABN.&nbsp;If an entity is not registered for GST, a Tax Code of N-T is used.&nbsp;

earl_hd · Answer

Hi TamK,Just want to check if you're still having this issue? If so, feel free to post again and one of us will be happy to assist you,Thank you, DuncanS, for the solution.Regards,Earl

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claiming GST as a cost

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