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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
    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, Indirect Taxes
    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, Indirect Tax
    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, Indirect Tax
    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, Indirect Taxes
    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, Indirect Tax
    Phone: (02) 937 42794
    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, Indirect Tax
    Phone: (02) 937 42794
    Megan.Croaker@ato.gov.au

    Virginia Gogan, Tax Counsel Network
    Phone: (03) 8632 4643
    Virginia.Gogan@ato.gov.au

    Last modified: 10 Jul 2019QC 50319