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New VAT Codes in NS Financials Dear NS Financials Users,
I refer to the email circulated last month regarding the New VAT (GST) Code Changes. I advise that as from 28 February 2007, UNSW is registered under the GST Deferral Scheme.
This means that from 28 February 2007, the GST on taxable importations will be automatically picked up via the BAS, provided UNSW's ABN has been provided to customs by either you or through a Customs broker.
This also means that you are no longer required to use the interim process and the code EXAD (for taxable importations). Therefore from this point; the GST that Customs will be collecting on taxable imports will automatically be accounted for when our monthly BAS is lodged.
When you import goods intoAustralia, you need to ensure that UNSW's ABN is quoted to Customs by either yourself or through your customs broker.
UNSW ABN is "57 195 873 179"
If you receive an invoice or declaration that includes an amount for GST for taxable importations that go through Customs after 28 February 2007, please advise Anthony Watson, Manager Taxation, via awatson@unsw.edu.au.
Regards,
Anthony Watson
_____________________________
Manager, Accounting Policy,
Practice and Tax
The University of New South Wales
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Page last updated: Friday, November 21st, 2008 |
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The University of New South Wales - Sydney - Australia
