conducting school For GST code to School GST Fact Sheet Tax – Invoices at: on eduGate. business 86703 Motor vehicles Purchase of Motor Includes all motor vehicles, trailers purchased for less <$5,000 Vehicles less than than $5,000. $5,000 Vehicles costing more than $5,000 should be Note: treated as assets refer account code 26203. – For GST code refer to School GST Fact Sheet Tax – Invoices at: on eduGate. 86750 ECD Motor Vehicle Costs associated Include all motor vehicle expenses relating to Early Exp/Lease with motor vehicle Childhood Development facilities such as, expenses relating to registration, maintenance, fuel, leases etc Early Childhood For GST code to School GST Fact Sheet Tax – Development Invoices at: on eduGate. facilities General Ledger Expenditure Administration – – Acc Account Title Account Description GST Business Rules/ Further Information Code Code 86801 Advertising/ Expenses incurred General associated with advertising and marketing Marketing for advertising, by School Council For GST code refer to School GST Fact publicity and Sheet Tax Invoices at: on eduGate. – marketing. 86802 Insurance External insurance Includes cover for specific risks such as fidelity premiums guarantee, cash in transit and physical assets. Stamp duty on insurance is GST free. For further information on insurances and schools refer to: For code to School GST Fact Sheet GST refer Tax Invoices – at: on eduGate. Affiliations Subscriptions to Fees or subscriptions paid to professional associations professional bodies e.g. Business Managers Association (ABMVSS). Includes shareholding required for Credit Union Bank accounts, membership to sporting bodies. For GST code refer to School GST Fact Sheet Tax Invoices – at: on eduGate. 86805 Cooperative loan Expenses associated G14 Generally relating to interest charged on the loan. interest with the provision of Schools should contact the banking institution for a cooperative loan advice on GST charges. 86806 Police Expenses associated to HR web A-Z Topics for details with preliminary Payment
conducting school business For GST code to School GST Fact Sheet – Tax Invoices at: on eduGate. 86703 Motor vehicles <$5,000 Purchase of Motor Vehicles less than $5,000 Includes all motor vehicles, trailers purchased for less than $5,000. Note: Vehicles costing more than $5,000 should be treated as assets – refer account code 26203. For GST code refer to School GST Fact Sheet – Tax Invoices at: on eduGate. 86750 ECD Motor Vehicle Exp/Lease Costs associated with motor vehicle expenses relating to Early Childhood Development facilities Include all motor vehicle expenses relating to Early Childhood Development facilities such as, registration, maintenance, fuel, leases etc For GST code to School GST Fact Sheet – Tax Invoices at: on eduGate. General Ledger – Expenditure – Administration Acc Code Account Title Account Description GST Code Business Rules/ Further Information 86801 Advertising/ Marketing Expenses incurred for advertising, publicity and marketing. General associated with advertising and marketing by School Council For GST code refer to School GST Fact Sheet – Tax Invoices at: on eduGate. 86802 Insurance External insurance premiums Includes cover for specific risks such as fidelity guarantee, cash in transit and physical assets. Stamp duty on insurance is GST free. For further information on insurances and schools refer to: For GST code refer to School GST Fact Sheet – Tax Invoices at: on eduGate. Affiliations Subscriptions to professional bodies Fees or subscriptions paid to professional associations e.g. Business Managers Association (ABMVSS). Includes shareholding required for Credit Union Bank accounts, membership to sporting bodies. For GST code refer to School GST Fact Sheet – Tax Invoices at: on eduGate. 86805 Cooperative loan interest Expenses associated with the provision of a cooperative loan G14 Generally relating to interest charged on the loan. Schools should contact the banking institution for advice on GST charges. 86806 Police Payment Expenses associated with preliminary to HR web A-Z Topics for details
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