Tax Laws Amendment (Simplified GST Accounting) Act 2007 (112 of 2007)
Schedule 1 Amendments
A New Tax System (Goods and Services Tax) Act 1999
5 Paragraphs 123-5(1)(a) and (b)
Repeal the paragraphs, substitute:
(a) specifies the kinds of *retailers to whom it is available and provides a method for working out *net amounts of retailers to whom the method applies; or
(b) specifies the kinds of *small enterprise entities to whom it is available and provides a method for working out *net amounts of small enterprise entities to whom the method applies.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
