Re: [SL] Gift Vouchers

[Ashley J G. <agi...@pu...>]

On Mon, 23 Apr 2007, George Osvald wrote:
> By law I have to charge GST on all services I provide/sell. With every
> service above $50 I also have to provide tax invoice that states amount of
> GST charged. I can not create service and uncheck taxes. Only ways I can
> see at the moment are really orders or some kind of pre-payments into
> existing accounts. Making a GL transaction at the time of purchase would be
> too complicated.

Hi George,
	As I understand it the ATO requires that you do not account for (charge) GST 
on vouchers (per the link someone provided earlier, they are not to be 
accounted for in your acticity statement).

You only apply a GST component to the actual supply made when the customer 
redeems the voucher. IE, the voucher "sale" should not have any gst on it. 
The sale where they get product/service and pay for it using the voucher 
should include gst - where applicable.

The way I see it, this means that making the voucher a gst-free product makes 
sense, that way the gst is not accounted for at time of voucher sale, but 
processing works normally when the voucher is redeemed, by charging gst on 
the products and services per normal.

Standard disclaimers apply, IANACPA, see your accountant, etc etc :-)

The actual ruling on vouchers is here if you need more detailed information:
http://law.ato.gov.au/atolaw/view.htm?locid='DGS/GST2000D22/NAT/ATO/fpF4'&PiT=99991231235958

-- 
Regards,
	Ashley J Gittins
	web: 	http://www.purple.dropbear.id.au
	jabber: agi...@pu...