Goods and Services Tax Advice

GSTA TPP 005W

Goods and services tax: how do I calculate the input tax credit for second-hand goods acquired before 1 July 2000?

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Notice of Withdrawal

Goods and Services Tax Advice GSTA TPP 005 is withdrawn with effect from today.

1. Goods and Services Tax Advice GSTA TPP 005 states that the approach in Division 66 of the A New Tax System (Goods and Services Tax) Act 1999 may be used to calculate input tax credits for the acquisition of second-hand goods acquired before 1 July 2000.

2. GSTA TPP 005 is withdrawn because it provides no interpretive guidance and is a duplication of the existing ATO View.

3. The Commissioner's view regarding the application of Division 66 to second hand goods acquired before 1 July 2000 is contained in paragraphs 3 to 5 and 8 of GSTD 2000/2 Goods and services tax: Can you claim input tax credits under Subdivision 66-A of the A New Tax System (Goods and Services Tax) Act 1999 for goods that have been incorporated into second-hand goods prior to 1 July 2000?

Commissioner of Taxation
5 March 2014

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

Not previously issued as a draft

References

ATO references:
NO 1-59NUI72

Related Rulings/Determinations:

TR 2006/10
GSTR 2000/8
GSTA TTP 006
GSTA TTP 007
GSTA TTP 008

Subject References:
second-hand goods
input tax credits
creditable acquisitions
transition

Legislative References:
ANTS(GST)A 1999 Div 66
ANTS(GST)A 1999 Subdiv 66-A
ANTS(GST)A 1999 Subdiv 66-B
ANTS(GSTT)A 1999 18
TAA 1953 Sch 1 Div 358

Other References:
Fact Sheet 'GST transitional arrangements - second hand goods'
Goods and Services Tax Advice 'Goods and Services Tax: input tax credit for second-hand goods acquired before 1 July 2000'
Goods and Services Tax Advice 'Goods and Services Tax: input tax credit for second-hand goods acquired before 1 July 2000 - Addendum'