This paper concentrates on issues that were applicable after 1st July 2000 for Building Industries relative to GST.
Items discussed are as follows:
- GST Is Now With Us
- Sale Of Family Home
- First Home Buyers Compensation
- Uniforms, Personal Tools And Equipment
- Deposit Forfeited
- Exempt Supplies And Goods ("Input Taxed Supplies/Activities")
- Second Hand Goods On Hand At 30th June 2000
- Importers
- Building Completed By 30th June 2000 Not Sold
- Valuation Of Work In Progress At 30th June 2000
- Completion Of Partially Completed Projects At 30th June 2000
- Margin Scheme
- Subcontractors
- Progress Payments
- Retention Amount
- Second Hand Goods - Purchases From An Unregistered Person
