Goods and Services Tax Advice
GSTA TPP 066W
Goods and services tax: Do Division 17 and Division 27 of the Income Tax Assessment Act 1997 (ITAA) operate for food retailers using a simplified method?
Please note that the PDF version is the authorised version of this ruling.This document has changed over time. View its history.
Notice of Withdrawal
2. Division 17 of the ITAA ensures that the calculation of a taxpayer's assessable income disregards the GST payable on the taxpayer's taxable supplies or increasing adjustments. Division 27 of the ITAA ensures that the calculation of a taxpayer's deductions do not include an amount relating to an input tax credit to which the taxpayer is entitled or a decreasing adjustment that the taxpayer has.
Commissioner of Taxation
11 June 2014
You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).