This paper concentrates on issues that were applicable after 1st July 2000 for Hotels and Motels Industries relative to GST.
Items discussed are as follows:
- GST Is Now With Us
- Accommodation Voucher - Account When The Voucher Is Redeemed
- Coin Operated Machines - Account When Emptied
- Poker Machines - GST On "Margin"
- Tips - Need To Record Separately - No GST
- Deposits
- Deposits Forfeited
- Short Term Accommodation In Commercial Premises
- Predominately Long Term Commercial Accommodation - More Than 70% Over 28 Days - GST On 50% Or Input Taxed
- Substantiation Of Long Term Stays
- Free/Complimentary Service - No GST
- International Airfares/Seafares
- Tourist Refund Scheme
- Sealed Bag Systems
- Business Activity Statement
- G1 - Total Sales And Income And Other Supplies
- G2 - Exports (GST Free Supplies)
- G3 - Other GST Free Supplies
- G9 - GST Debit Amount
- Acquisitions
- G10 - Capital Acquisitions
- G11 - Other Acquisitions
