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
188-35
The value of loans
To the extent that a supply is constituted by a loan of * money or *digital currency, any repayment of the principal, and any obligation to repay the principal, is to be disregarded in working out the value of the supply.
View history note
Hide history noteTo the extent that a supply is constituted by a loan of * money or *digital currency, any repayment of the principal, and any obligation to repay the principal, is to be disregarded in working out the value of the supply.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.