Ruling Compendium
GSTR 2017/1EC
Compendium
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Please note that the PDF version is the authorised version of this ruling.
FOI status:
not legally binding| This edited version of the Compendium of Comments is not intended to be relied upon. It provides no protection from primary tax, penalties, interest or sanctions for non-compliance with the law. |
This is a compendium of responses to the issues raised by external parties to draft Goods and Services Tax GSTR 2016/D1 Goods and services tax: making cross-border supplies to Australian consumers
This compendium of comments has been edited to maintain the anonymity of entities that have commented.
| Summary of issues raised and responses |
| Issue No. | Issue raised | ATO Response/Action taken |
|---|---|---|
| 1. | Query how overseas suppliers would lodge GST returns and remit GST to the ATO. | The ATO has provided guidance on its website, ato.gov.au, to assist non-resident entities with understanding their registration and reporting requirements under the new law. See International taxation of goods and services supplied to Australia. |
| 2. | Suggest an alternative design to the legislative amendments which would involve amounts being paid directly to the ATO at the time of the transaction. | The methods for collecting GST are a matter of policy. The purpose of this Ruling is to provide the ATO's interpretation of the legislation as enacted. |
| 3. | There are concerns that suppliers will face practical issues associated with the transitional rules for contracts that straddle 1 July 2017.
Propose an alternative model for dealing with contracts that straddle 1 July 2017. |
The transitional rules are not the main focus of this Ruling. The ATO is currently considering what advice/guidance is necessary in relation to the transitional rules.
However, the advice/guidance on these rules will need to be consistent with the legislation as enacted. |