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GST on Variations and Retentions in Australian Construction
The GST traps that cost AU builders cash flow they didn't budget for Most Australian construction operators get GST broadly right at the BAS level. The 10% comes in, the 10% comes back out, the net is paid. Where it goes wrong is the timing — and in construction, timing is everything. GST on a variation that was recognised in March but invoiced in April. GST on retention you've recognised but won't collect for 18 months. GST on dayworks performed Monday and billed Friday thre
May 278 min read
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