A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-2
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Special rules mainly about supplies and acquisitions
The amount of GST on a supply to which section 86-5 , 86-15 or 86-20 applies is 10% of the *price of the supply. (2)
This section has effect despite section 9-70 (which is about the amount of GST on taxable supplies).
Note:
The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.
Division 86 - Valuable metals
86-25
The amount of GST on
"
reverse charged
"
supplies of goods consisting of valuable metal
(1)
The amount of GST on a supply to which section 86-5 , 86-15 or 86-20 applies is 10% of the *price of the supply. (2)
This section has effect despite section 9-70 (which is about the amount of GST on taxable supplies).
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