Goods and Services Tax Ruling

GSTR 2000/24A4 - Addendum

Goods and services tax: Division 129 - making adjustments for changes in extent of creditable purpose

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Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Goods and Services Tax Ruling GSTR 2000/24 to reflect amendments made to the A New Tax System (Goods and Services Tax) Act 1999 by the Tax Laws Amendment (2011 Measures No. 9) Act 2012 and amendments made to the A New Tax System (Goods and Services Tax) Regulations 1999 by A New Tax System (Goods and Services Tax) Amendment Regulation 2012 (No. 1).

GSTR 2000/24 is amended as follows:

1. Paragraph 7

In the first sentence, omit '[to tax periods commencing]'.

2. Paragraph 61

After '75%', insert ', or 55% in some circumstances,^[43A]'

3. Subparagraph 97(i)

Omit '$50,000'; substitute '$150,000^[68AA]'

2. Related Rulings/Determinations

Insert 'GSTR 2003/9'.

3. Legislative references

Insert

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ANTS(GST)R 1999 70-5.03

-

A New Tax System (Goods and Services Tax) Amendment Regulation 2012 (No. 1)

-

Tax Laws Amendment (2011 Measures No. 9) Act 2012

This Addendum applies both before and after its date of issue, subject to the commencement and application provisions of each amending Act or Regulation to which it refers.

Commissioner of Taxation
11 December 2013

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References

ATO references:
NO 1-42B58HU