Goods and Services Tax Advice
GSTA TPP 071W
Goods and services tax: are the simplified accounting method turnover thresholds GST inclusive or GST exclusive?
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Notice of Withdrawal
1. GSTA TPP 071 explains that the annual turnover thresholds for the purposes of the Determinations made under Division 123 of the A New Tax System (Goods and Services Tax) Act 1999 are calculated on a GST exclusive basis.
2. GSTA TPP 071 is withdrawn because the Commissioner's view in relation to this issue is contained in paragraph 15 of Goods and Services Tax Ruling GSTR 2001/7 Goods and Services Tax: meaning of GST turnover, including the effect of section 188-25 on projected GST turnover. Paragraph 15 of GSTR 2001/7 explains that the turnover thresholds are the sum of the respective values excluding GST.
Commissioner of Taxation
25 June 2014
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