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Edited version of your private ruling
Authorisation Number: 1012554675282
Ruling
Subject: GST and government funding
Issue
The Commissioner has ruled on the following issues.
Question 1
Are payments made to an entity consideration for taxable supplies made by it to a government entity?
Answer
Yes, the payments made to the entity are consideration for taxable supplies made by it to the government entity.
Question 2
If the payments made to the entity are consideration for taxable supplies, which tax period/s does it attribute them to?
Answer
As the entity accounts for goods and services tax (GST) on a cash basis, it attributes GST on a taxable supply to the tax period in which it receives consideration for the supply.