A business client of ours was facing a significant GST liability after exporting goods from Australia. Since the profit margin on the goods was so slim, paying GST would seriously impact the business’s viability.
We studied the GST ACT 1999 about exports and the relevant public rulings. We then sought a private ruling from ATO.
We won our client a favourable ruling from the ATO, and the ATO refunded our client over $40,000 GST from a previously lodged BAS.
A reference to the private ruling is below https://www.ato.gov.au/law/view/document?src=hs&pit=99991231235958&arc=false&start=1&pageSize=10&total=1&num=0&docid=EV%2F1051383986582&dc=false&stype=find&tm=phrase-basic-1051383986582
As a leading professional CPA accounting firm with offices in Inner West Sydney Ashfield, Northern Beaches Belrose, and Adelaide, we can solve any taxation issue for you. Call EndureGo today for an initial free 15-minute telephone consultation with John and his team on 1800 841 312.