A New Tax System (Goods and Services Tax) Act 1999
Chapter 2
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The basic rules
Part 2-2
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Supplies and acquisitions
Division 9
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Taxable supplies
Subdivision 9-C
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How much GST is payable on taxable supplies?
9-85
Value of taxable supplies to be expressed in Australian currency
(1)
For the purposes of this Act, the * value of a * taxable supply is to be expressed in Australian currency. (2)
In working out the *value of a *taxable supply, any amount of the *consideration for the supply that is expressed in:
(a) a currency other than Australian currency; or
(b) *digital currency;
For the purposes of this Act, the * value of a * taxable supply is to be expressed in Australian currency. (2)
In working out the *value of a *taxable supply, any amount of the *consideration for the supply that is expressed in:
(a) a currency other than Australian currency; or
(b) *digital currency;
is to be treated as if it were an amount of Australian currency worked out in the manner determined by the Commissioner.
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