Goods and Services Tax Ruling

GSTR 2002/5A2 - Addendum

Goods and services tax: when is a 'supply of a going concern' GST-free?

Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Goods and Services Tax Ruling GSTR 2002/5 to update the Date of Effect section to reflect the amendments within the Tax Laws Amendment (2010 GST Administration Measures No. 2) Act 2010 which came into effect on 1 July 2010.

GSTR 2002/5 is amended as follows:

1. Paragraph 7

Omit the paragraph; substitute:


7. This Ruling applies [to tax periods commencing] 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).

2. Related Rulings/Determinations

Omit 'GSTR 1999/1; GSTR 2001/15'; substitute 'TR 2006/10; GSTR 2002/5'.

3. Legislative references

(a)
Omit:
- TAA 1953 37
(b)
Insert:
- TAA 1953 Sch 1 Div 358

This Addendum applies on and from 1 July 2010.

Commissioner of Taxation
31 October 2012

References

ATO references:
NO 1-409EPDL

ISSN 1443-5160