The Administrative Appeals Tribunal (AAT) has recently overturned an ATO decision relating to a motor vehicle dealer’s entitlement to GST input tax credit (ITC) and luxury car tax (LCT). Mr Skourmallas claimed a GST ICT and LCT decreasing adjustment in relation to the acquisition of an Audi R8 Coupe bought for $263,750.01. The basis of … Continue reading Industry update: AAT’s warning to the ATO in the latest GST case