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A New Tax System (Goods and Services Tax) Act 1999

Chapter 6 - Interpreting this Act  

Part 6-2 - Meaning of some important concepts  

Division 188 - Meaning of GST turnover    View history reference

188-15  Current GST turnover  

General

(1)  

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Your current GST turnover at a time during a particular month is the sum of the *values of all the supplies that you have made, or are likely to make, during the 12 months ending at the end of that month, other than:


(a) supplies that are *input taxed; or


(b) supplies that are not for *consideration (and are not *taxable supplies under section 72-5); or


(c) supplies that are not made in connection with an *enterprise that you *carry on.

Members of GST groups

(2)  

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If you are a *member of a *GST group, your current GST turnover at a time during a particular month is the sum of the *values of all the supplies that you or any other member of the group have made, or are likely to make, during the 12 months, other than:


(a) supplies made from one member of the group to another member of the group; or


(b) supplies that are *input taxed; or


(c) supplies that are not for *consideration (and are not *taxable supplies under section 72-5); or


(d) supplies that are not made in connection with an *enterprise that you *carry on.

Supplies that are disregarded

(3)  

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In working out your current GST turnover, disregard:


(a) any supply that is not *connected with the indirect tax zone; and


(b) any supply that is connected with the indirect tax zone because of paragraph 9-25(5)(c), unless:

(i) the supply is made to an *Australian consumer; and

(ii) the supply is not *GST-free; and

(iii) the thing to be acquired under the right or option referred to in that paragraph is not goods or *real property; and
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(c) any supply (other than a supply covered by paragraph (a) or (b)):


(i) of a right or option to use *commercial accommodation in the indirect tax zone; and

(ii) that is not made in the indirect tax zone; and

(iii) that is made through an *enterprise that the supplier does not *carry on in the indirect tax zone; and


(d) any *GST-free supply made by a *non-resident that does not make the supply through an *enterprise that the non-resident *carries on in the indirect tax zone.
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