Goods and Services Tax Ruling

GSTR 2003/12A3 - Addendum

Goods and services tax: when consideration is provided and received for various payment instruments and other methods of payment

Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Goods and Services Tax Ruling GSTR 2003/12 to:

·
reflect the amendments to the A New Tax System (Goods and Services Tax) Act 1999 (GST Act) which were made by Tax and Superannuation Laws Amendment (2012 Measures No. 1) Act 2012. In particular it reflects the amendment that inserted section 9-17 into the GST Act. Section 9-17 contains exclusions from the meaning of 'consideration' formerly contained in subsection 9-15(3). Section 9-17 is now also referred to in the definition of 'consideration' as defined by section 195-1. The amendments apply to payments made on or after 1 July 2012.
·
update references to legislation and relevant rulings that have issued since this Determination was issued.

GSTR 2003/12 is amended as follows:

1. Paragraph 8

Omit the paragraph and Notes; insert:


8. 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).

Note 1: The Addendum to this Ruling that issued on 11 July 2007, explains our view of the law as it applied from 1 July 2007.

Note 2: The Addendum to this Ruling that issued on 31 October 2012, explains our view of the law as it applied from 1 July 2010.

Note 3: The Addendum to this Ruling that issued on 28 August 2013, explains our view of the law as it applied from 1 July 2012.

2. Paragraph 13

Omit 'section 9-15'; substitute 'sections 9-15 and 9-17'.

3. Footnote 4

Omit 'GSTR 2011/D1', substitute 'GSTR 2013/1'

4. Footnote 7

Omit 'GSTR 2011/D1', substitute 'GSTR 2013/1'

5. Footnote 18

Omit 'Subsection 9-15(3)' substitute 'Subsection 9-17(1)'.

6. Paragraph 56

Omit 'subsection 9-15(3)'; substitute 'sections 9-15 and 9-17'.

7. Related Rulings and determinations

Omit 'GSTR 2011/D1', substitute 'GSTR 2013/1'.

8. Legislative References

Omit:

-
ANTS(GST)A99 9-15(3)

Insert:

-
ANTS(GST)A99 9-17(1)

This Addendum applies on and from 1 July 2012.

Commissioner of Taxation
28 August 2013

References

ATO references:
NO 1-4XD8KZ7

ISSN: 1443-5160