Goods and Services Tax Ruling

GSTR 2006/4ER - Erratum

Goods and services tax: determining the extent of creditable purpose for claiming input tax credits and for making adjustments for changes in extent of creditable purpose

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Erratum

This Erratum corrects Goods and Services Tax Ruling GSTR 2006/4 to replace references to GSTR 2000/22 with references to GSTR 2006/3. GSTR 2000/22 was withdrawn and replaced with GSTR 2006/3 on 12 April 2006.

GSTR 2006/4 is corrected as follows:

1. Paragraph 10

In the second sentence, omit 'GSTR 2000/22'; substitute 'GSTR 2006/3'. The sentence should now read:

Apportionment of input tax credits relating to financial supplies exceeding the financial acquisitions threshold is dealt with in GSTR 2006/3 Goods and services tax: determining the extent of creditable purpose for providers of financial supplies.

2. Paragraph 69

Omit 'GSTR 2000/22'; substitute 'GSTR 2006/3'. The paragraph should now read:

69. If you exceed the financial acquisitions threshold and you also make taxable or GST-free supplies, GSTR 2006/3, which is about determining the extent of creditable purpose for providers of financial supplies, explains how to apportion your input tax credits.

3. Footnote 60

In the third sentence, omit 'GSTR 2000/22'; substitute 'GSTR 2006/3'. The sentence should now read:

See GSTR 2006/3.

4. Related Rulings/Determinations

Omit 'GSTR 2000/22'; substitute 'GSTR 2006/3'.

This Erratum applies on and from 12 April 2006.

Commissioner of Taxation
17 May 2006

References

ATO references:
NO 2005/18404