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

Chapter 4 - The special rules

Part 4-2 - Special rules mainly about supplies and acquisitions

The special rules in this Part mainly modify the operation of Part 2-2 , but they may affect other Parts of Chapter 2 in minor ways.

Division 102 - Cancelled lay-by sales

102-1 What this Division is about

If a lay-by sale is cancelled, any amount retained or recovered by the supplier is within the GST system.