Goods and Services Tax Bulletin
Special credit for sales tax paid on stock
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Date of Issue: 28 March 2018
Goods and Services Tax Bulletin GSTB 2000/1 is withdrawn with effect from 28 March 2018.
1. The Bulletin explains how the special credit for wholesale sales tax under section 16 of A New Tax System (Goods and Services Tax Transition) Act 1999 can be claimed.
2. Section 16 was repealed by item 9 in Part 2 of Schedule 5 of the Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006 effective from 14 September 2006. As a result, GSTB 2000/1 is no longer required.
3. A replacement bulletin will not be issued.
Commissioner of Taxation
28 March 2018
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