GST, wage subsidy
COVID Support Payments .. and GST
With GST due for most of you, and the period including the lockdown assistance payments, here is just a quick reminder of the treatment …
Wage Subsidy – NO GST
Resurgence Support Payment – INCLUDES GST
You will need to use a separate code in your accounting system for the Resurgence Payment if you received it, so if you would like us to add it please contact us.
We are also seeing claims that have been made for the Wage Subsidy #2 and #3 .. now that the period has passed you need to ensure that the eligibility criteria was met. Our thoughts are that there would be only limited circumstances that #2 would be able to be claimed and even more limited circumstances that %3 would be able to be claimed.