What are the Goods and Services Tax (GST) implications of an unregistered Body Corporate/Owners Corporation with no Australian Business Number (ABN) which deals with a supplier with no ABN?
ATO Position Where the supplier makes a supply in the course of carrying on an enterprise they are required to quote an ABN to avoid withholding, subject to the other exceptions outlined above. Where an amount has been withheld the payer is required to register as a PAYG withholder and send that amount to the Commissioner. The payer must issue a payment summary to the payee to enable them to obtain a credit for the amount withheld when they lodge a tax return. It is possible to register for PAYG withholding without having an ABN. However it should be emphasised that if the owner corporation is making supplies in the course of carrying on an enterprise it would most likely have an ABN.
Related Questions
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