Budgets in applications should be calculated on a GST exclusive basis:
Although items other than personnel and overseas travel will incur GST at the time of expenditure, the final cost after subtracting input tax credits will be the GST exclusive amount anyway – so use the GST exclusive amount for these, you'll see why shortly…
GST will be levied on the payment of the grant and Monash will be required to remit 1/11 to the Australian Tax Office (ATO) even if GST has not been included.
Having determined a total grant request GST exclusive, 10% GST should then be added to the total grant request, to uniformly cover the University's GST liability, unless the granting body explicitly indicates otherwise.
