Goods and Services Tax Ruling

GSTR 2006/2A - Addendum

Goods and services tax: deposits held as security for the performance of an obligation


This Addendum amends Goods and Services Tax Ruling GSTR 2006/2 to reflect the amendments to the A New Tax System (Goods and Services Tax) Regulations 1999 resulting from the commencement of the A New Tax System (Goods and Services Tax) Amendment Regulations 2007 (No. 1). This Legislative Instrument changes the threshold amount for the requirement to issue a tax invoice from 1 July 2007.

GSTR 2006/2 is amended as follows:

1. Paragraph 161

Omit '$55'; substitute '$82.50'.

2. Footnote 74

Omit '$50'; substitute '$75'.
Omit '$55'; substitute '$82.50'.

3. Footnote 75

Omit '$55'; substitute '$82.50'.

This Addendum explains our view of the law as it applied from 1 July 2007. You can rely upon this Addendum on and from its date of issue for the purpose of section 105-60 of Schedule 1 to the Taxation Administration Act 1953. If this Addendum conflicts with a previous private ruling that you have obtained or a previous public ruling, this Addendum prevails. However, if you have relied on a previous ruling (including the ruling this Addendum amends), you are protected in respect of what you have done up to the date of issue of this Addendum.

Commissioner of Taxation
11 July 2007


ATO references:
NO 2006/20258

ISSN: 1443-5160

Related Rulings/Determinations:

GSTR 2006/2