Why GST isn’t it Simply 10%

Almost 20 years since the introduction of the Goods and Services Tax Act, tax practitioners and businesses wonder why GST issues still seem to arise so frequently.

We spoke with Ken Fehily, CTA, (Fehily Advisory) ahead of his presentation at the VIC 7th Annual Tax Forum on Unexpected GST Issues that GST Specialists Come Across.

At the VIC 7th Annual Tax Forum, Ken will take delegates through the real advisory assignments he’s worked on, large and small, in recent times. 

“Businesses, and even some tax practitioners who are not GST specialists, often wonder how someone could still be advising on GST 19 years since its introduction - isn’t it simply 10%?” Ken explains.

“The issues that crome up are often unexpected, surprisingly material, and often totally avoidable.”
Using his firsthand experience, he will explain how to best handle interventions from the ATO.

Delegates will also hear about “options in the GST law, and how to best make choices to achieve the optimum commercial outcomes. I”ll also be covering some  common mistakes made by clients, their tax advisors and other advisors” Ken continues.

As for the blind spots?

“Thinking GST is a simple and unimportant tax of merely 10% that has no real consequences” he says.

“That would be like saying income tax is even simpler- just add up your revenue, deduct your expense, come up with your net income and applying the applicable rate” he continues.

Ken is a GST expert with over 30 years’ experience in resolving difficult, uncertain and complex indirect tax issues. After 20 years as a senior partner at both PwC and Andersen, he founded independent consultancy Fehily Advisory Pty Ltd in 2010, to dedicate himself to achieving prompt and definitive outcomes for clients and advisers facing GST issues or disputes with the ATO.

Colloquially known as “Mr. GST”, Ken contributed to the writing of the GST legislation and currently a member of the ATP’s GST Stewardship Group. A member of The Tax Institute since 1994, he has previously sat on the Victorian State Council, Education and other committees and is a regular contributor to forums, seminars and The Tax Institute journal.

Outside of tax, Ken enjoys the visual arts and musical theatre.

He promises a s theatrical presentation on GST issues at the VIC 7th Annual Tax Forum – the pre-eminent conference for Victorian tax professionals.

Join us in Melbourne. 17-18 October.


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