The introduction of the GST in 2000 brought with it changes to the way in which many transactions, especially the sale of land and businesses, were handled. LPLC’s GST hotline has helped many practitioners work through the complexities of GST and as a result we have had only a modest number of claims arising out of GST mistakes.
The claims LPLC sees usually occur in relation to the sale of commercial or new residential land or the sale of businesses. The mistakes come about for a variety of reasons, often because the right information is not obtained from the parties about GST registration status or because of a lack of understanding of how the GST rules apply.
The material in this section helps explain why claims have occurred and answers some FAQs about how GST works.