What are the GST concessions available to a non-profit sub-entity?
A GST-registered non-profit entity (the main entity) that is entitled to use the non-profit sub-entity concession can treat any of its separately identifiable branches as if they were separate entities for GST purposes. For this concession to continue to apply, the main entity must remain registered for GST. Even if its GST turnover falls below the turnover threshold of $150,000, the main entity cannot elect to cancel their GST registration. If the sub-entity’s GST turnover is less than $150,000, the sub-entity is not required to be GST-registered. Where the sub-entity has a GST turnover of $150,000 or more, it will be required to register separately for GST. It will have the same rights and obligations as other GST-registered entities, except for the ability to form other non-profit sub-entities. An unregistered non-profit sub-entity does not remit GST on sales and does not claim GST credits for purchases. A non-profit sub-entity is not entitled to be endorsed to access GST charity ta
Related Questions
- Does a charity need to be endorsed to access GST charity tax concessions if the charity isn’t registered or required to be registered for GST?
- Does your business have a GST turnover of $75,000 or more ($150,000 or more if it is a non-profit organisation) or provide taxi travel?
- Is Non-Profit Soapbox open to associations as well?
