This Tax Factsheet is provided as guidance concerning GST as it may apply in Victorian Government schools, and should not be
interpreted as general guidance on GST matters.
This fact sheet is to assist schools in determining the GST treatment for Acquisitions provided to students in Victorian
Government Primary, Secondary and Special Schools.
The GST Act allows input tax credits to be claimed on creditable acquisitions. Acquisition is a very broad term and covers
the usual purchase of goods and services for an enterprise. It also includes many other transactions such as the receipt of
advice or information, an acceptance of a transfer, assignment or surrender of any right, receiving financial supplies,
acquiring the right to require someone to do anything, refrain from doing something or tolerate something.
All schools would acquire acquisitions in there day to day trading with other suppliers and the general public.
Depending on the type of transaction, GST-free, fully taxable, input taxed, out of scope of GST or NPSE will determine
the tax treatment for each individual transaction.
The type of transaction being processed should be covered in a tax invoice or similar document which should provide
sufficient information to process the transaction correctly, meeting all ATO requirements.
The school could use one of the following GST codes to process all transactions on CASES 21.
Fully Taxable – G01 GST Free – G03 Input Taxed – G04 NPSE – NS6
Fully Taxable – G11 GST Free – G14 Input Taxed – G13 NPSE – NP6
Last updated June 2008
Tax Resource Centre URL: http://www.education.vic.gov.au/management/tax
Enquiries If you have any questions or enquiries, please contact Tax & Compliance Unit on 9637-3702 or 9637-3281.
Greg Hart at email@example.comMike Collins at Collins.firstname.lastname@example.org