One of a employees has a novated franchise for his car. We compensate a monthly instalments upon a car. This cost includes GST.
Can a association explain behind a GST?
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Yes, that’s right. Every novated lease salary sacrifice arrangement I’ve been involved in has worked that way. The employer can claim a GST input tax credit for the expenses of the employee paid out of their pre-tax wages.
I believe you can but then anything your employee pays you towards the private use of the vehicle then becomes GST income in your hands.