Goods and Services Tax Ruling
GSTR 2001/6A1 - Addendum
Goods and services tax: non-monetary consideration
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This Addendum amends Goods and Services Tax Ruling GSTR 2001/6 to reflect amendments to the A New Tax System (Goods and Services Tax) Act 1999 (GST Act). In particular, the Addendum updates GSTR 2001/6 for amendments made to Subdivision 29-C.
The amendments to Subdivision 29-C are in relation to tax invoices and apply to net amounts for tax periods starting on or after 1 July 2010.
This Addendum also makes further minor amendments to GSTR 2001/6 and updates the references section of GSTR 2001/6.
GSTR 2001/6 is amended as follows:
Omit the paragraph, substitute:
9. This Ruling applies both before and after its date of issue. However, this Ruling will not apply to taxpayers to the extent that it conflicts with the terms of a settlement of a dispute agreed to before the date of issue of this Ruling (see paragraphs 75 and 76 of Taxation Ruling TR 2006/10).
9A. Changes made to this Ruling by the Addendum issued on 6 November 2013 have been incorporated into this version of the Ruling.[F1A]
In the fourth dot point, omit 'under regulation 29-70.01 or 29-70.02 of the A New Tax System (Goods and Services Tax) Regulations 1999 ('the GST Regulations')' substitute 'of subsection 29-70(1)'.
Omit 'section 9-15'; substitute 'sections 9-15 and 9-17'.
Omit 'paragraph 9-15(3)(b)'; substitute 'subsection 9-17(2)'.
Omit the footnote; substitute:
41 See Goods and Services Tax Ruling GSTR 2012/2 which, in respect of non-profit bodies and the application of subsection 9-17(2), discusses gifts at paragraphs 69 to 83.
Omit the paragraph and footnotes.
Omit the paragraph and footnote.
Omit the second sentence.
After the paragraph insert:
172A. The requirements for tax invoices and recipient created tax invoices (RCTIs) are the same whether monetary consideration, non-monetary consideration or a combination of both is used as the consideration from which the price is determined. For example, where there is non-monetary consideration, you may set out the price in money for the supply by showing the actual GST inclusive market value of the supply.[F63A]
Omit 'sections 195-1 and 9-15'; substitute 'sections 9-15 and 9-17'.
Omit the words 'Section 70 of the Taxation Administration Act 1953'; substitute 'Section 382-5 of Schedule 1 to the Taxation Administration Act 1953'.
12. Related Rulings/Determinations
- GSTR 1999/1
- GSTR 2000/11
- GSTR 2000/17
- GSTR 2012/2
- GSTR 2013/1
- TR 2006/10
- ANTS(GST)A99 9-10(1)(b)
- ANTS(GST)A99 9-15(3)(b)
- ANTS(GST)A99 54-50
- ANTS(GST)A99 54-50(1)
- TAA 1953 37
- TAA 1953 70
- ANTS GST Regulations 29-70.01 or 29-70.02
- ANTS(GST)A99 9-17
- ANTS(GST)A99 9-17(2)
- TAA 1953 Sch1 105-60
- TAA 1953 Sch1 382-5
This Addendum explains the Commissioner's view of the law as it applies from 1 July 2010.
© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA
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Commissioner of Taxation
6 November 2013