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Is a dishonoured cheque fee subject to GST?

April 26, 2017Cheque dishonoured fee GST Subject

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Is a dishonoured cheque fee subject to GST?

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GST is not payable on a dishonoured cheque fee. A dishonoured cheque fee charged by an Australian ADI (authorised deposit taking institution) in the course of its banking business is input taxed under item 1 of subregulation 40-5.09(3) of the GST Regulations.