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 Ruling
Time limits for claiming an input tax or fuel tax credit
Registered
10 July 2017
Purpose
The final Ruling 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
August 2019
Contact
Jo Drum, Small Business
Phone: (03) 8792 1469
Jo.Drum@ato.gov.au
[3915] GST – improvements on the land
Title
Final Addendum to GSTR 2006/6
Goods and services tax: improvements on the land for the purposes of Subdivision 38-N and Division 75
Registered
4 May 2018
Purpose
The final Addendum to GSTR 2006/6 will provide further details and clarification of the ATO view. The proposed changes to GSTR 2006/6 will provide greater certainty and make it easier for relevant entities to comply with their GST obligations.
Expected completion
July 2019
Comments
Draft Addendum to GSTR 2006/6 published on 27 June 2018. Comments period closed on 10 August 2018.
Contact
Don Eldridge, Small Business
Phone: (08) 9268 8104
Don.Eldridge@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 2004/4DC 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 or deposits business
Title
Draft Goods and Services Tax Ruling
Goods and services tax: determining the creditable purpose of acquisitions in a transaction accounts or deposits business
Registered
November 2018
Purpose
The draft Ruling will set out the Commissioner’s proposed 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 a transaction and deposits accounts business. 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
June 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
We are developing advice and guidance on the following GST issues.