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158-003 - Motor Vehicle Industries - Specific GST Issues

This paper concentrates on issues that were applicable after 1st July 2000 for Motor Vehicle Industries relative to GST. Items discussed are as follows: GST Is Now With Us Exclusion - Cars For Disabled Persons Luxury Vehicle Tax Phase In Of Income Tax Credits For New Motor Vehicles Supply Of ...Read more
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  • Description
  • Specifications

This paper concentrates on issues that were applicable after 1st July 2000 for Motor Vehicle Industries relative to GST.

Items discussed are as follows:

  • GST Is Now With Us
  • Exclusion - Cars For Disabled Persons
  • Luxury Vehicle Tax
  • Phase In Of Income Tax Credits For New Motor Vehicles
  • Supply Of Vehicle That Would Have Been Exempt From Sales Tax
  • Second Hand Cars - Purchases From An Unregistered Person
  • Stock Write Back - No GST Adjustment
  • ACCC Action Against A New Car Dealer
  • ACCC Price Tests - Car Parts
  • Second Hand Goods On Hand At 30th June 2000
  • 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
  • Acquisition Of Second Hand Trading Stock E.G. Motor Vehicles From Unregistered Persons Included In G11
  • Compulsory Third Party Motor Vehicle Insurance - Do Not Include At G11
  • Financial Supplies Threshold Exception In G11