The future of GST - taxable supply information
Tax Alert - September 2022
By Jeanne du Buisson & Haidee Watkin
The latest Tax Bill includes a number of further remedial tidy-ups to the major changes around GST tax invoicing that were in the Taxation (Annual Rates for 2021-22, GST and Remedial Matters) Bill and which largely come into effect on 1 April 2023. We've set out below the updated position that will apply from 1 April 2023, assuming, of course, that the updates contained in the latest Bill are enacted as proposed. Deloitte will be making submissions to try and make a number of the changes more practical. This area is still a bit of a moveable feast, and it will be important that businesses ensure they are aware of the final position before the new rules apply on 1 April 2023.