Financial services and insurance

Three possible ways to treat co-insurance for GST purposes.

GST registered SMSFs may be able to claim some of the GST incurred on costs related to financial supplies they make.

Find out what a financial supply is and how to calculate and report GST on your business activity statement (BAS).

Explains how GST applies if you are registered for GST and take out general insurance for business purposes.

Check what you need to complete in the GST section of your statement for an insurer.