INCOME TAX ASSESSMENT ACT 1997 (ARCHIVE)

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-1 - ASSESSABLE INCOME  

Division 17 - Effect of GST etc. on assessable income  

SECTION 17-25 (ARCHIVE)  

17-25   GST attributable because of the GST Transition Act  
If:

(a) section 10 of the A New Tax System (Goods and Services Tax Transition) Act 1999 applies in an income year that ends after 30 November 1999 and before 1 July 2000 in relation to a ^* taxable supply that you will make on or after 1 July 2000; and

(b) because of the application of that section, an amount of ^* GST is attributable to your first ^* tax period after 1 July 2000;

an amount equal to the amount of GST is not assessable income.

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