Can you claim GST when the supplier is not registered?

(Reprinted from ATO Small Business News)

Did you know you can't claim GST credits on purchases if your suppliers aren't registered for GST, even if you received an invoice with an ABN and a GST amount on it?

It pays to be careful, so why not check your suppliers' GST registration on the ABN Lookup tool, which can be accessed via our website or the ATO App.

There are also some property transactions where you can't claim any GST credits, for example, buying a property via the margin scheme. Understanding the rules for GST and property can help you avoid making expensive mistakes.

If you're eligible to receive GST credits on a property transaction, you can claim them when you lodge your Business Activity Statement (monthly or quarterly) or an annual GST return.

Check whether an organisation or company is registered for GST (and other tax status) at this link. ABN lookup

$(document).ready(function() { $('#next1').click(function() { var orgname= $('#orgname').val(); var putorgname= $('.org_name').html(orgname); $('.org_name1').val(orgname); }); }); (function($) { $(function() { $(document).ready(function(){ //Client-supplied mystery meat constants var r2eRatioMin = 8; var r2eRatioMax = 22; var wcRatioMin = 0.2; var wcRatioMax = 3.2; var crRatioMin = 2; var crRatioMax = 12; var prRatioMin = 0; var prRatioMax = 10; var currentstep = '#step1'; $('#step2,#step3,#step4').hide(); $('.calcnav .next').addClass('disabled'); function safeVal(value) { value = value.replace('$',''); value = value.replace(/,/g,''); value = value.replace(' ',''); return value; } /**********************************************/ //NAV //When we click a nav link, show the div referenced by the href, which will be something like #step2 $('.calcnav a').click(function(e){ //Don't navigate if required fields are missing or the link is disabled if($(this).hasClass('disabled')){ return false; } if($(this).hasClass('.next') && !checkReq(currentstep)) { return false; } e.preventDefault(); var selector = $(this).attr('href'); if($(selector).length) { //we have a div to show //Fade out, then fade in the new div $.when($('.calcsection').fadeOut(500)).done(function() { $(selector).fadeIn(); currentstep = selector; if(currentstep == '#step4') { step4calc(); } }); } }); //.calcnav a.click() /************************************************/ function step1calc() { var v21 = parseInt( safeVal($('input[name="orgname"]').val()) ); var v1 = parseInt( safeVal($('input[name="bankaccounts"]').val()) ); var v2 = parseInt( safeVal($('input[name="currentassets"]').val()) ); var v3 = parseInt( safeVal($('input[name="fixedassets"]').val()) ); if(isNaN(v1) || isNaN(v2) || isNaN(v3)) { $('input[name="totalassets"]').val(''); $('#step1 .calcnav a.next').addClass('disabled'); return false; } $('#step1 .calcnav a.next').removeClass('disabled'); $('input[name="totalassets"]').val(v1 + v2 + v3); } //Add listeners for step 1 $('#step1 input').change(function(){ step1calc(); }); $('#step1 input').keyup(function(){ step1calc(); }); /**********************************************/ function step2calc() { var l1 = parseInt( safeVal($('input[name="creditors"]').val()) ); var l2 = parseInt( safeVal($('input[name="staffentitlements"]').val()) ); var l3 = parseInt( safeVal($('input[name="grants"]').val()) ); var l4 = parseInt( safeVal($('input[name="currentliabilities"]').val()) ); var l5 = parseInt( safeVal($('input[name="noncurrentliabilities"]').val()) ); if(isNaN(l1) || isNaN(l2) || isNaN(l3) || isNaN(l4) || isNaN(l5)) { $('input[name="totalliabilities"]').val(''); $('#step2 .calcnav a.next').addClass('disabled'); return false; } $('#step2 .calcnav a.next').removeClass('disabled'); $('input[name="totalliabilities"]').val(l1 + l2 + l3 + l4 + l5); var reserves = parseInt( safeVal($('input[name="totalassets"]').val()) ) - parseInt( safeVal($('input[name="totalliabilities"]').val()) ); $('input[name="reserves"]').val(reserves); } //Add listeners for step 2 $('#step2 input').change(function(){ step2calc(); }); $('#step2 input').keyup(function(){ step2calc(); }); /**********************************************/ function step3calc() { var a1 = parseInt( safeVal($('input[name="annualincome"]').val()) ); var a2 = parseInt( safeVal($('input[name="annualspend"]').val()) ); var a3 = parseInt( safeVal($('input[name="staffcosts"]').val()) ); if(isNaN(a1) || isNaN(a2) || isNaN(a3) ) { $('input[name="net"]').val(''); $('#step3 .calcnav a.next').addClass('disabled'); return false; } var net = a1 - a2 ;// - parseInt(a3) //total income - total costs $('#step3 .calcnav a.next').removeClass('disabled'); $('input[name="net"]').val(net); } //Add listeners for step 3 $('#step3 input').change(function(){ step3calc(); }); $('#step3 input').keyup(function(){ step3calc(); }); /**********************************************/ function step4calc() { var currentAssets = parseInt( safeVal($('input[name="bankaccounts"]').val()) ) + parseInt( safeVal($('input[name="currentassets"]').val()) ); var totalAssets = currentAssets + parseInt( safeVal($('input[name="fixedassets"]').val()) ); var currentLiabilities = parseInt( safeVal($('input[name="creditors"]').val()) ) + parseInt( safeVal($('input[name="staffentitlements"]').val()) ) + parseInt( safeVal($('input[name="grants"]').val()) ) + parseInt( safeVal($('input[name="currentliabilities"]').val()) ); var totalLiabilities = currentLiabilities + parseInt( safeVal($('input[name="noncurrentliabilities"]').val()) ); var reserves = totalAssets - totalLiabilities; var netSurplus = parseInt( safeVal($('input[name="annualincome"]').val()) ) - parseInt( safeVal($('input[name="annualspend"]').val()) ); //1 var ratio1 = parseInt( safeVal($('input[name="reserves"]').val()) ) / parseInt( safeVal($('input[name="annualspend"]').val()) ) * 100; var score1 = Math.round((((ratio1 - r2eRatioMin)/(r2eRatioMax-r2eRatioMin))*9+1)*10)/10; if(score1 < 0){ score1 = 0;} if(score1 > 10) { score1 = 10;} $('#score1').text(score1); $('#score1a').val(score1); $('#ratio1').text(ratio1.toFixed(1) + '%'); $('#ratio1a').val(ratio1.toFixed(1) + '%'); var status1 = '';var status1a = ''; if(ratio1 < 15) { status1 = 'bad';status1a = 'red'; } else if(ratio1 >= 15 && ratio1 < 18) { status1 = 'average';status1a = 'yellow'; } else if(ratio1 >= 18) { status1 = 'good'; status1a = 'green'; } $('#status1').addClass(status1); $('#status1a').val(status1a); //2 var ratio2 = 0; if(currentLiabilities <= 0){ ratio2 = 0; } else { ratio2 = currentAssets / currentLiabilities; } $('#ratio2').text(ratio2.toFixed(1)); $('#ratio2a').val(ratio2.toFixed(1)); var score2 = Math.round((((ratio2-wcRatioMin)/(wcRatioMax-wcRatioMin))*9+1)*10)/10; if(score2 < 0){ score2 = 0; } if(score2 > 10) { score2 = 10; } $('#score2').text(score2); $('#score2a').val(score2); var status2 = '';var status2a = ''; if(ratio2 < 1){ status2 = 'bad'; status2a = 'red'; } else if(ratio2 >= 1 && ratio2 < 2) { status2 = 'average'; status2a = 'yellow'; } else if(ratio2 >= 2) { status2 = 'good';status2a = 'green'; } $('#status2').addClass(status2); $('#status2a').val(status2a); //3 var totalExpenditure = parseInt( safeVal($('input[name="annualspend"]').val()) ); var weeklyExpenditure = totalExpenditure / 52; var ratio3 = 0; var bankAccounts = parseInt( safeVal($('input[name="bankaccounts"]').val()) ); var grants = parseInt( safeVal($('input[name="grants"]').val()) ); if (totalExpenditure == 0) { ratio3 = 0; } else { ratio3 = (bankAccounts - grants) / weeklyExpenditure; } $('#ratio3').text(ratio3.toFixed(1)); $('#ratio3a').val(ratio3.toFixed(1)); var score3 = Math.round((((ratio3-crRatioMin)/(crRatioMax-crRatioMin))*9+1)*10)/10; if(score3 < 0) { score3 = 0; } if(score3 > 10) { score3 = 10; } $('#score3').text(score3); $('#score3a').val(score3); var status3 = ''; var status3a = ''; if(score3 < 7) { status3 = 'bad'; status3a = 'red'; } else if(score3 >= 7 && score3 < 10) { status3 = 'average';status3a = 'yellow'; } else if(score3 >= 10) { status3 = 'good';status3a = 'green'; } $('#status3').addClass(status3); $('#status3a').val(status3a); //4 var profitmargin = 0; var totalincome = parseInt( safeVal($('input[name="annualincome"]').val()) ); if(totalincome > 0){ profitmargin = (totalincome - totalExpenditure) / totalincome * 100; } var ratio4 = profitmargin; $('#ratio4').text(ratio4.toFixed(1) + '%'); $('#ratio4a').val(ratio4.toFixed(1) + '%'); var score4 = Math.round((((profitmargin-prRatioMin)/(prRatioMax-prRatioMin))*10)*10)/10; if(score4 < 0) { score4 = 0; } if(score4 > 10) { score4 = 10; } $('#score4').text(score4); $('#score4a').val(score4); var status4a = ''; if(score4 < 1) { status4 = 'bad';status4a = 'red'; } else if(score4 >= 1 && score4 < 6) { status4 = 'average'; status4a = 'yellow'; } else if(score4 >= 6 ) { status4 = 'good';status4a = 'green'; } $('#status4').addClass(status4); $('#status4a').val(status4a); //5 var ratio5 = 0; var staffcosts = parseInt( safeVal($('input[name="staffcosts"]').val()) ); if(totalincome == 0) { ratio5 = 0; } else { ratio5 = staffcosts / totalincome; } $('#ratio5').text((ratio5 * 100).toFixed(1) + '%'); $('#ratio5a').val((ratio5 * 100).toFixed(1) + '%'); var score5 = 0; score5 = Math.round(((1-ratio5)*10+3)*10)/10; if(score5 < 0) { score5 = 0; } if(score5 > 10) { score5 = 10; } $('#score5').text(score5); $('#score5a').val(score5); ratio5 = ratio5 * 100; var status5 = '';var status5a = ''; if(ratio5 < 60) { status5 = 'bad'; status5a = 'red'; } else if (ratio5 >= 60 && ratio5 < 80) { status5 = 'average';status5a = 'yellow'; } else if(ratio5 >= 80) { status5 = 'good';status5a = 'green'; } $('#status5').addClass(status5); $('#status5a').val(status5a); //total var totalscore = parseFloat($('#score1').text()) + parseFloat($('#score2').text()) + parseFloat($('#score3').text()) + parseFloat($('#score4').text()) + parseFloat($('#score5').text()); $('#totalscore').text(totalscore); selector12(); return false; } function selector12() { $("#button").trigger('click'); //$("#button").click(); return false; } /**********************************************/ function checkReq(selector) { var proceed = true; $.each($(selector + ' input.required'),function() { if( $(this).val() == '' ) { proceed = false; } }); if(proceed == true) { return true; } else { return false; } } /***********************************************/ $('.helpicon').mouseover(function(e){ $(this).siblings('.helpcontent').css('top',e.pageY - 10); $(this).siblings('.helpcontent').css('left',e.pageX + 10); $(this).siblings('.helpcontent').show(); }); $('.helpicon').mouseout(function(){ $(this).siblings('.helpcontent').hide(); }); }); }); })(jQuery);