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IQ Graduate | GST Essentials

Graduate IQ-10. The fundamentals of working with GST.

GST basics is a foundation module. This IQ module explores the rules that determine registration, the types of supplies, creditable acquisitions, tax invoices, the fundamentals of accounting for GST and GST reporting.

This module is available as part of the Accounting Graduate IQ Program.

1.25 CPD Hours (Tax) including Q&As

Accreditation 022410
Total 1.25 CPD Hours

What we cover

How long do I have to complete the course

With practical examples and embedded Q&As, we explore:

When does our client need to register for GST?
- What is (and isn't) an enterprise
Understanding GST turnover
When must our client charge GST?
- Types of supplies
- GST free supplies
- Input taxed supplies
When can our client claim back GST on expenses?
- Creditable acquisitions
- Valid tax invoices
Reporting for GST
- Accounting for GST
- GST reporting periods
- Simpler BAS

Each course will remain accessible to you (the registered person) until you access it for the first time. Once accessed (when you click on ‘go to course’) you have 3 months to complete it.

Karen Vella

Tax Training Team Leader, TaxBanter

Karen has over 25 years experience in the tax profession, first as a practitioner and more recently as an educator. She trained with the Big Four and initiated her own successful small practice before moving to Hayes Knight as a Partner.

Prior to joining TaxBanter, she spent many years as a trainer and technical writer for Webb Martin Training, and then most recently TaxBytes. She is also a regular presenter and consultant for Knowledge Shop.

Karen loves to talk tax. She has provided tax training to clients ranging from the Australian Taxation Office to accounting firms, both large and small. Her specialty is translating complex content into something meaningful, engaging and practical for her clients, no matter their level of experience.