I am concerned that my novated lease is not being handled correctly by the Leasing Company.
Below is the instructions from the lease company
________________________________
Pre-Tax Deduction $180.83
Post Tax Deduction including GST $150.70
GST Input Credit* $31.78
GST Payable on Employee Contribution** $(13.70)
*Section G11 of BAS **Section G1 of BAS
__________________________________
The Deductions on my salary are as follows
Pre Tax Deduction $180.83
Post Tax Deduction $137.00
Post Tas Deduction GST $13.70
My employer is sending the $13.70 direct to the ATO at G1 of the BAS - This I don't understand, I thought all my deduction went to the Lease Company.
The Lease company sends a tax invoice each week as follows
Deductions $317.83
GST $31.78
Total Invoice $349.61
My employer is claiming the $31.78 back on BAS because the Tax invoice from the lease company says so.
The lease company is putting $13.70 to my lease balance and sending $18.08 to the ATO when they receive payment of $349.61.
I don't believe this is correct.
Should my total deduction of $331.53 be sent to the Lease company and the tax invoice from them state
Deductions $331.53
GST $18.08 (claimable by employer)
Total Invoice $349.61
Should my employer claim back the $'s paid directly to the ATO in error.
Can someone please explain how this all should work, as i feel that i am paying $13.70 each week for nothing.
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