Goods and Services Tax Ruling

GSTR 2002/6A4 - Addendum

Goods and services tax: exports of goods, items 1 to 4 of the table in subsection 38-185 (1) of the A New Tax System (Goods and Services Tax) Act 1999

Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953 (TAA). It amends Goods and Services Tax Ruling GSTR 2002/6 to reflect an amendment to paragraph 382-5(1)(b) of Schedule 1 to the TAA by Indirect Tax laws Amendment (Assessment) Act 2012 which came into effect on 1 July 2012.

GSTR 2002/6 is amended as follows:

1. Paragraph 295A

(a) In the second sentence after 'TAA 1953' insert ', as amended for self-assessment applicable to tax periods that start on or after 1 July 2012'.

(b) In point (b) omit 'retain those records for at least 5 years after the completion of the transactions or acts to which they relate.' Substitute 'retain those records for the longest of:

(i)
5 years after the completion of the transactions or acts to which they relate; and
(ii)
the period of review for any assessment of an assessable amount to which those records, transactions or acts relate; and
(iii)
if such an assessment has been amended under Subdivision 155-B - the period of 4 years mentioned in paragraph 155-70(2)(a) (which provides for a refreshed period of review) that applies to the latest such amendment.[60A]'

2. Legislative references

Insert:

-
TAA 1953 Sch1 Subdiv 155-B
-
TAA 1953 Sch1 155-70(2)(a)
-
TAA 1953 Sch1 382-5(1)(b)

This Addendum applies on and from 1 July 2012.

Commissioner of Taxation
17 April 2013

Footnotes


Paragraph 382-5(1)(b) of Schedule 1 to the TAA 1953 formerly read: '(b) retain those records for at least 5 years after the completion of the transactions or acts to which they relate'.

References

ATO references:
NO 1-4HFIL6Q

ISSN: 1443-5160