A New Tax System (Goods and Services Tax) Act 1999

Chapter 6 - Interpreting this Act  

Part 6-2 - Meaning of some important concepts  

Division 188 - Meaning of GST turnover  

188-20   Projected GST turnover  

General

(1)  


Your projected GST turnover at a time during a particular month is the sum of the * values of all the supplies that you have made, or are likely to make, during that month and the next 11 months, other than:


(a) supplies that are * input taxed ; or


(b) supplies that are not for * consideration (and are not * taxable supplies under section 72-5 ); or


(c) supplies that are not made in connection with an * enterprise that you * carry on .

Members of GST groups

(2)  


If you are a * member of a * GST group , your projected GST turnover at a time during a particular month is the sum of the * values of all the supplies that you or any other member of the group have made, or are likely to make, during that month and the next 11 months other than:


(a) supplies made from one member of the group to another member of the group; or


(b) supplies that are * input taxed ; or


(c) supplies that are not for * consideration (and are not * taxable supplies under section 72-5 ); or


(d) supplies that are not made in connection with an * enterprise that you * carry on .

Supplies that are disregarded

(3)  


In working out your projected GST turnover , disregard:


(a) any supply that is not * connected with the indirect tax zone ; and


(b) any supply that is connected with the indirect tax zone because of paragraph 9-25(5)(c) , unless:


(i) the supply is made to an *Australian consumer; and

(ii) the supply is not *GST-free; and

(iii) the thing to be acquired under the right or option referred to in that paragraph is not goods or *real property; and


(c) (Repealed by No 65 of 2019)


(d) any *GST-free supply made by a *non-resident that does not make the supply through an *enterprise that the non-resident *carries on in the indirect tax zone.




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