Goods and services tax (GST) advanced
Issued by
The Tax Institute
The earner has demonstrated an understanding of transactions where there is a varying extent of creditable purpose, particularly involving input taxed supplies. Earners learn about the importance of the concept of creditable purpose and adjustment events and financial supplies, GST and real property. This includes becoming familiar with the different types of “real property” including new residential premises, the margin scheme, and the GST consequences of disposing of real property.
- Time Hours
- Cost Paid
Skills
- Goods and services tax (GST) advanced
Earning Criteria
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Determine the ITC a taxpayer is entitled to claim for GST purposes on a range of transactions with varying creditable purpose.
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Determine the GST treatment of input taxed supplies.
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Determine the GST treatment of real property transactions.
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Determine the GST treatment of cross-border transactions.
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Earners complete 10 hours of online, self-paced, interactive learning, incorporating interactive examples, knowledge checks, case studies and a comprehensive activity.
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Successful completion of an online, multiple choice assessment.