What are the GST implications of participating in the NSSP?
Non-government schools Grant payments to non-government schools are GST Inclusive. When a non-government school makes a claim for funding it is based on quotes that are inclusive of GST. The NSSP will then pay the amount exclusive of GST plus a 10% allowance for GST even if some items do not attract GST (if, for example, the suppliers or trades people are not registered for GST). Please note it is the school’s responsibility to ensure that taxation obligations with regard to GST are met. For more information visit the Australian Taxation Office website or contact them on 13 28 66. Government schools Grant payments to government schools are GST Exclusive. Please note that these payments are classified as Transfer Payments, therefore no GST is payable. Any GST incurred can be claimed through the school’s quarterly BAS Statement. Schools should contact their education department’s finance area for more information about the financial framework, the timing of payments or GST issues.