Goods and Services Tax Ruling
GSTR 2002/5A4ER1 - Erratum
Goods and services tax: when is a 'supply of a going concern' GST-free?
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This Erratum is a public ruling for the purposes of the Taxation Administration Act 1953. It corrects the Addendum to Goods and Services Tax Ruling GSTR 2002/5 where Example 16A sets out that SellCo makes a supply to AcquireCo, but subsequently describes AcquireCo as making a GST-free going concern.
GSTR 2002/5 is corrected as follows:
Omit the last occurrence of 'AcquireCo' in both paragraphs; substitute 'SellCo'.
Commissioner of Taxation
15 July 2015
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