Goods and Services Tax Advice
GSTA TPP 058W
Goods and services tax: is the supply of an enterprise that includes a short term lease of the enterprise premises a GST free supply of a going concern?
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Notice of Withdrawal
1. GSTA TPP 058 explains that the supply of an enterprise that includes a short term lease of the enterprise premises to a recipient may be a GST free supply of a going concern if all of the requirements in section 38-325 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act) are met.
3. The Commissioner's view regarding the supply of all of the things necessary for the continued operation of an enterprise, to make a GST free 'supply of a going concern' to a recipient under section 38-325 of the GST Act, is contained in Goods and Services Tax Ruling GSTR 2002/5 Goods and services tax: when is a 'supply of a going concern' GST free?
Commissioner of Taxation
25 June 2014
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