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
Draft Miscellaneous Taxation Ruling
Time limits for claiming an input tax or fuel tax credit
Purpose
The draft 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Draft MT 2018/D1 was withdrawn with effect from 4 December 2019.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. Further guidance on this and a related issue are being considered.
Contact
Patrick Boyd, Office of the Chief Tax Counsel
Phone: (02) 6216 6538
Patrick.Boyd@ato.gov.au
For more information, see Decision impact statement on Coles Supermarkets Australia Pty Ltd v Commissioner of Taxation [2019] FCA 1582.
[4015] GST – supply of burial rights by a government agency
Title
Final Goods and Services Tax Determination
Is the supply of a burial right in respect of a public cemetery subject to GST?
Purpose
This final Determination will set out the Commissioner's view on the GST consequences where an Australian government agency supplies a right of burial in respect of a public cemetery.
Expected completion
To be advised
Comments
Draft GSTD 2021/D2 published on 26 May 2021. We are currently reviewing the large number of submissions received.
Contact
Melissa Harrison, Small Business
Phone: (08) 8218 9296
Melissa.Harrison@ato.gov.au
[4047] GST treatment of financial supplies
Title
Addendum to Goods and Services Tax Ruling
GSTR 2002/2 Goods and services tax: GST treatment of financial supplies and related supplies and acquisitions
Purpose
This Addendum updates the Ruling to reflect changes in the GST law (for instance, changes to the GST legislation applicable to cross-border supplies and in relation to digital currency) and contains some proposed changes to modernise parts of the Ruling.
Expected completion
February 2023
Comments
Draft GSTR 2002/2DC1 published on 10 August 2022. Comments period closed on 23 September 2022.
Contact
Renae Carter, Small Business
Phone: (02) 9374 2942
Renae.Carter@ato.gov.au
[4048] GST and retirement villages
Title
Draft Practical Compliance Guideline
GST and retirement villages
Purpose
This draft Guideline will set out the Commissioner’s proposed compliance approach to assist retirement villages that make minimal taxable supplies to determine the extent of creditable purpose for acquisitions made in constructing and operating a retirement village. The proposed compliance approach will assist to reduce complexity and the costs of compliance.
Expected completion
To be advised
Contact
Melissa Harrison, Small Business
Phone: (08) 8218 9296
Melissa.Harrison@ato.gov.au
We are developing advice and guidance on the following GST issues.