TAXATION WITH REPRESENTATION!

Mission: Show some love for the ATO and debunk the impact of GST on crowdfunding
Tax Time!
Einstein once said there is nothing quite as complex as taxation and GST is no exception.
If you disagree, then this chapter is for you. Calling all bean counters, solicitors and upstanders!
Show your love for startup and NFP's and help demystify the GST, Registration and other things that go bump in the night.
Consider... if you funding is charitable but not gift deductible registered are you subject to tax on the receipts and non-deductible on the gift! Sounds crazy, though this is exactly the policy statement made by one leading university! What do you think?
WHAT'S NEWS!
Finally we have some GST guidance from the ATO. The examples are a good start though we feel this doesn't cover 'real world issues' like, what if its part pledge part reward? or your funders are overseas? You need to dig deeper before you can really lock it in;
Start with:
https://www.ato.gov.au/Business/GST/In-detail/Rules-for-specific-transactions/GST-crowdfunding/
Then try 'More Information' annexed in that link.
Good luck and be sure to note GST could generate a GST credit.