2017 Tax Planning Checklist: GST Issues

GST Systems Review

Check that all suppliers are issuing a "Tax Invoice” which contains:
  • the supplier's name or trading name;
  • the supplier's address;
  • supplier's Australian Business Number (ABN);
  • the date of issue;
  • the price of the taxable supply.

Review your "Tax Invoice" - does it comply with the law?

If appropriate, review your “Recipient Created Tax Invoices”.  Do they comply with the law?

Ensure that appropriate files are being maintained of any "Suppliers Statements" received from any suppliers.