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  • 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
    Miscellaneous Taxation Ruling
    Time limits for claiming an input tax or fuel tax credit

    Registered
    10 July 2017

    Purpose
    The Ruling will set out the Commissioner's views on when entitlements to an input tax credit and fuel tax credits do not cease.

    Expected completion
    To be advised

    Comments
    Draft MT 2018/D1 was withdrawn with effect from 4 December 2019. Following recent Federal Court decisions, this draft Ruling no longer reflects the Commissioner's view on the time limits for claiming an input tax credit or fuel tax credit. MT 2018/D1 will be replaced by a new public ruling in early 2020.

    Contact
    taxcredits@ato.gov.au

    See also:

    [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 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
    May 2020

    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
    May 2020

    Comments
    Draft GSTR 2019/D1 published on 26 June 2019. Comments period closed 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

    [3982] Development lease arrangements in the ACT

    Title
    Final Goods and Services Tax Determination
    Development works in the Australian Capital Territory

    Purpose
    The final Determination will clarify our view of the GST outcomes of development lease arrangements in the Australian Capital Territory.

    Expected completion
    To be advised

    Comments
    Draft GSTD 2019/D1 published on 13 December 2019. Comments close on 14 February 2020.

    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

    [3993] GST - apportionment of acquisitions in relation to transaction accounts

    Title
    Draft Schedule 2 to PCG 2019/8 ATO compliance approach to GST apportionment of acquisitions that relate to certain financial supplies - transaction accounts

    Purpose
    The draft Schedule will add to the practical guidance in PCG 2019/8 by setting out the ATO’s proposed framework for how assessing the risk associated with apportionment methods used to determine the extent of creditable purpose of acquisitions to provide transaction accounts. 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
    March 2020

    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

    Last modified: 03 Feb 2020QC 50319