All Topics / Legal & Accounting / Workers compensation and GST

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  • Profile photo of Joseph12Joseph12
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    @joseph12
    Join Date: 2008
    Post Count: 57
    April 10, 2010 - 1:30 am

    Are workers compensation payments for income loss for self employed eg. taxi driver subject to GST ?

    Profile photo of Scott No MatesScott No Mates
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    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    April 10, 2010 - 9:57 am

    I need some clarity here, is the insurance company paying out for an injury or are you paying your premium?

    Recently I received an insurance payout for damaged plant, the payment was exclusive of gst. Their expaination was your accountant will know what to do.

    Profile photo of Joseph12Joseph12
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    @joseph12
    Join Date: 2008
    Post Count: 57
    April 10, 2010 - 10:31 pm

    Its a paying out for injury.

    Profile photo of Dan42Dan42
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    @dan42
    Join Date: 2008
    Post Count: 619
    April 11, 2010 - 11:54 pm

    No, there is no GST.

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