Input-taxed Supplies

There are a small number of supplies that are Input-taxed

If you make an input-taxed supply, you cannot charge GST but you cannot claim back any of your GST paid.

Input-taxed supplies include:

Financial supplies
Residential premises for rent
Sales of residential premises (but not new homes)
food at school tuckshops (optional);
fundraising activities of charities (optional)
certain transactions involving precious metals

When a supply is both a GST-free supply and an input-taxed supply, it is treated as the former.

More Information on:

Capital Gains Tax

Education Tax Refund

The information contained in this website is intended only as a guide for small business, and should not be relied on to prepare tax returns in accordance with Australian taxation law. It is recommended that professional advice is sought by a registered tax agent regarding GST issues and tax deductions. The publishers accept no responsibility for errors, omissions or any damages caused by the improper use of this guide. Are you entitled to the entrepreneurs tax offset? Checkout the bath towels from BlueSwimmer. Lean about Division 7A online and capital gains tax, view some collectables or checkout the new website from Palm Beach Kindergarten.