This workshop by ISCA aims to provide participants with a better understanding on the following:
a. Understanding the differences between reimbursement and disbursement for GST purposes
b. GST rules for recovery of expenses (i.e. recharge or rebilling of expenses)
A Highlight of Key Areas:
- Difference between reimbursement and disbursement
- Are you acting as a principal or an agent ?
- Indicators for determining the principal or agent relationship
- Recovery of expenses which is ancillary to a primary supply
- Recovery of expenses which is separate and not ancillary to any primary supply
- Recovery of expenses at costs or with a mark-up – is there a difference?