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?

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Notice of Withdrawal

Goods and Services Tax Advice GSTA TPP 066 is withdrawn with effect from today.

1. GSTA TPP 066 provides that Divisions 17 and 27 of the ITAA apply to all taxpayers regardless of whether the taxpayer uses a simplified accounting method to account for GST.

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.

3. GSTA TPP 066 is withdrawn as it does not involve an interpretative decision. Divisions 17 and 27 of the ITAA clearly apply to all entities.

4. Further information about the simplified accounting methods that can be used by food retailers can be found on the ATO website.

Commissioner of Taxation
11 June 2014

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

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).

Not previously issued as a draft

References

ATO references:
NO 1-5G6WV2B

ISSN: 1833-0053
GSTA TPP 066W history
  Date: Version: Change:
  14 June 2005 Original ruling  
  31 October 2012 Consolidated ruling Addendum
You are here 11 June 2014 Withdrawn