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on 22 July 202003:42 PM - last edited
I'm working for an NFP/charity currently receiving the Jobkeeper subsidy for all eligible employees.
In April our decline in GST turnover easily satisfied the 15% test for eligiblity even including revenue received under government grants for the test. We didn't fill out the N75310 form (JobKeeper – election to exclude government grants from turnover for ACNC-registered charities) as it wasn't going to affect our eligiblity.
In the June quarter we received some COVID-19 relief funding from government organisations which we weren't sure we'd get at the time of enrollment. This has caused our GST turnover for the June 2020 quarter to match our turnover for the June 2019 quarter, so with the announcement of the Jobkeeper extension this will mean we won't meet the eligibility criteria due to failing the 15% decline in turnover test. The revenue received from the grants needs to be acquitted against supplies we are currently making under the conditions of the grants, but these supplies are additional to our regular activities and our GST collections on regular activities would easily satisfy the 15% decline in turnover test for the June 2020 quarter.
Looking at the information page for this form, as we enrolled in Jobkeeper prior to 13 June 2020 the due date was 20 June 2020 to submit this election form. Is it likely there'll be another opportunity for us to submit this election form so that we can exclude the grant revenue from GST turnover calculations for the test required to be included in the Jobkeeper extension?
Also, what does electing to exclude the grants from turnover calculations actually entail? Do we need to avoid claiming GST outlays on supplies under the relevant grants? Will it change any of the numbers we should be submitting for our June quarter BAS? Is it simply a deduction from the GST turnover we record when enrolling for the Jobkeeper extension? I'm just worried that the enrollment form will simply compare the June 2020 and June 2019 BAS submissions and see that our GST turnover remained steady, rendering us ineligible for Jobkeeper after September.