Advice under development – GST issues
We are developing advice and guidance on the following GST issues.
[3869] Time limits on entitlements to tax credits
Title
Final Miscellaneous Tax Determination
Time limits for claiming an input tax or fuel tax credit
Registered
10 July 2017
Purpose
The final Determination will set out the Commissioner's proposed views on when an entitlement to input tax and fuel tax credits do not cease.
Expected completion
To be advised
Comments
MT 2018/D1 issued on 23 November 2018 with the consultation period ending on 25 January 2019. Comments are being considered in addition to current litigation which may impact on the views set out in the draft Ruling.
Contact
taxcredits@ato.gov.au
[3870] GST – supplies connected with Australia (intangibles)
Title
Draft Goods and Services Tax Ruling
Goods and services tax: supplies of intangibles connected with the indirect tax zone (Australia)
Registered
9 June 2017
Purpose
The draft Ruling will set out the Commissioner’s proposed views on when a supply of intangibles will be connected with the indirect tax zone.
Expected completion
September 2019
Contact
Jo Drum, Small Business
Phone: (03) 8792 1469
Jo.Drum@ato.gov.au
[3951] GST – credit card issuing business
Title
Final Goods and Services Tax Determination
Goods and services tax: determining the creditable purpose of acquisitions in a credit card issuing business
Registered
October 2018
Purpose
The final Determination will set out the Commissioner's views on how to apply paragraph 11-52(2)(a) of the A New Tax System (Goods and Services Tax) Act 1999 to acquisitions in a credit card issuing business. This will explain how the Commissioner's views in Goods and Services Tax Ruling GSTR 2008/1 Goods and services tax: when do you acquire anything or import goods solely or partly for a creditable purpose? apply in this specific context.
Expected completion
To be advised
Comments
Draft GSTD 2018/D1 published on 19 December 2018. Comments period closed on 15 March 2019.
See also:
Contact
Virginia Gogan, Tax Counsel Network
Phone: (03) 8632 4643
Virginia.Gogan@ato.gov.au
Peter Joseph, Small Business
Phone: (07) 3213 8940
Peter.Joseph@ato.gov.au
[3955] GST – assignment of payment streams
Title
Final Addendum to Goods and Services Tax Ruling GSTR 2004/4 Goods and services tax: assignment of payment streams including under a typical securitisation arrangement
Registered
November 2018
Purpose
The final Addendum will provide for comment additional practical examples of whether common acquisitions made by a home loan originator relate to the supply of servicer services to a special purpose vehicle in the context of a typical securitisation arrangement.
Expected completion
To be advised
Comments
Draft GSTR 2004/4DC1 published on 5 April 2019. Comments period closed on 3 May 2019.
Contact
Virginia Gogan, Tax Counsel Network
Phone: (03) 8632 4643
Virginia.Gogan@ato.gov.au
Peter Joseph, Small Business
Phone: (07) 3213 8940
Peter.Joseph@ato.gov.au
[3956] GST – transaction accounts
Title
Final Goods and Services Tax Ruling
Goods and services tax: determining the creditable purpose of acquisitions in relation to transaction accounts
Registered
November 2018
Purpose
The final Ruling will set out the Commissioner’s views on how to apply paragraph 11-15(2)(a) of the A New Tax System (Goods and Services Tax) Act 1999 to acquisitions in relation to transaction accounts. This will explain how the Commissioner’s existing views in Goods and Services Tax Ruling GSTR 2008/1 Goods and services tax: when do you acquire anything or import goods solely or partly for a creditable purpose? apply in this specific context.
Expected completion
To be advised
Comments
Draft GSTR 2019/D1 published on 26 June 2019. Comments period closes on 9 August 2019.
Contact
Virginia Gogan, Tax Counsel Network
Phone: (03) 8632 4643
Virginia.Gogan@ato.gov.au
Peter Joseph, Small Business
Phone: (07) 3213 8940
Peter.Joseph@ato.gov.au
[3978] GST – providers of financial supplies
Title
Draft Addendum to Goods and Services Tax Ruling GSTR 2006/3
Goods and services tax: determining the extent of creditable purpose for providers of financial supplies
Purpose
The draft Addendum is intended to clarify areas of GSTR 2006/3 in response to comments raised through recent consultation on GSTD 2018/D1 Goods and services tax: determining the creditable purpose of acquisitions in a credit card issuing business and the draft amendment to GSTR 2004/4 Goods and services tax: assignment of payment streams including under a typical securitisation arrangement.
Expected completion
To be advised
Contact
Megan Croaker, Public Groups and International
Phone: (02) 9374 2794
Megan.Croaker@ato.gov.au
Virginia Gogan, Tax Counsel Network
Phone: (03) 8632 4643
Virginia.Gogan@ato.gov.au
[3979] GST – apportionment of acquisitions that relate to certain financial supplies
Title
Draft Practical Compliance Guideline
ATO compliance approach to GST apportionment of acquisitions that relate to certain financial supplies
Purpose
The draft Guideline will set out the ATO’s framework for how we assess the risk associated with apportionment methods used to determine the extent of creditable purpose of acquisitions that relate to certain financial supplies. This will complement our other public advice and guidance products by reflecting our expectations for how the Commissioner’s views are to be applied in practice in designing an apportionment method.
Expected completion
To be advised
Contact
Megan Croaker, Public Groups and International
Phone: (02) 9374 2794
Megan.Croaker@ato.gov.au
Virginia Gogan, Tax Counsel Network
Phone: (03) 8632 4643
Virginia.Gogan@ato.gov.au
[3982] Development lease arrangements in the ACT
Title
Draft Goods and Services Tax Determination
Development lease arrangements in the ACT
Purpose
This draft Determination will clarify our view of the GST outcomes of development lease arrangements in the Australian Capital Territory.
Expected completion
November 2019
Contact
James Francis, Small Business
Phone: (07) 3213 5676
James.Francis@ato.gov.au
Ruth Hegney, Small Business
Phone: (08) 9268 6158
Ruth.Hegney@ato.gov.au
We are developing advice and guidance on the following GST issues.