The ATO have recently released new information relating to the treatment of GST on goods and services supplied by the dental profession (CR 2013/14: Goods and services tax: goods and services supplied by dentists), effective on or after 20 February 2013.
The ruling provides an overview of goods and services tax treatment of the supply of good & services by dental professionals and Attachment A of the Class Ruling lists supplies (item number) that are GST-free.
As specialist accountants to the healthcare profession we recommend you touch base with your computer software provider to ensure the software is currently applying the correct GST coding.
If you have any queries relating to GST treatment on goods or services in your practice, please contact Tim Taylor on 3218 3900.
This article was published in the Autumn 2013 Horizon. For a pdf version of the newsletter please click here.