Why would a charity need endorsement as a TCC in relation to GST if it isn registered or required to be registered for GST?
Endorsement provides access to GST charity tax concessions. An endorsed charity may use its access to these concessions to remain outside the GST registration system. For example, endorsement will allow a charity to treat sales it makes at certain fundraising events as input taxed sales. Proceeds from these fundraising events are not included in the charity’s GST turnover. Without endorsement, the charity would not be entitled to access this concession and the sales would form part of the charity’s GST turnover. If the charity’s turnover meets the $150,000 registration threshold applicable to non-profit organisations, it will be required to register for GST.
