Understanding GST – Key Risk Areas and How to Mitigate Them

Minimising Risks, Maximising Compliance in GST

The ATO’s approach to compliance is based on a risk assessment, which plays a crucial role in determining the likelihood of non-compliance and the potential revenue at stake. Historically, the ATO’s primary areas of focus closely align with common industry concerns, including:

• The integrity of business systems and the ability to manage one-off or unusual transactions;
• GST compliance related to the sale, transfer, and acquisition of real property;
• The application of the Going Concern Exemption;
• The apportionment of financial supplies and the application of legislative provisions regarding input tax credits;
• Common BAS Errors that continue to appear in ATO reviews;
• Common problems with cross-border transactions.

With a focus on practicality, the session includes worked examples and practical tips to illustrate key concepts

Learning Outcomes:

Attendees will gain valuable insights on how to safeguard their clients’ positions, ensuring better risk management and more informed decision-making.

Suited to:

This session is designed for accounting and taxation professionals at all levels who need a practical understanding of GST.

This On Demand recording Includes: 

• Recording of the Live Webinar, which can be viewed multiple times, for as long as required 
• Presenters contact details for follow up questions 
• CPD Quiz
• CPD Certificate 
• CPD Report – Logged automatically 
• PowerPoint Presentation
• Verbatim Transcript, with Searchability
• Supporting Documentation