Goods and Services Tax Advice

GSTA TPP 017A2 - Addendum

Goods and services tax: Does a credit card chargeback by a financial institution against a merchant give rise to an adjustment event for the merchant?

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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 Advice GSTA TPP 017 to update the Advice to reflect GSTE 2013/1 - Goods and Services Tax: Correcting GST Errors Determination 2013 which commenced on 10 May 2013. The addendum also reflects the amendments within Indirect Tax Laws Amendment (Assessment) Act 2012 which came into effect on 1 July 2012 and introduced a system of self assessment under indirect tax laws.

GSTA TPP 017 is amended as follows:

1. Paragraph 3 under the heading Answer

Omit the last sentence; substitute:

'These can be 'corrected' by the merchant in a revised BAS^[1] for the tax period in which the error occurred or in a later BAS provided the conditions in GSTE 2013/1 - Goods and Services tax: Correcting GST errors Determination 2013 are met.'.

2. Paragraph 3 under the heading Duplicated transaction

In the last sentence omit; 'via an adjustment in a subsequent BAS.' substitute: 'in a later BAS provided the conditions in GSTE 2013/1: Correcting GST errors are met.'

3. Paragraph 3 under the heading Refund posted as sale

In the last sentence omit; 'via an adjustment in a subsequent BAS.' substitute: 'or in a later BAS provided the conditions in GSTE 2013/1: Correcting GST errors are met.'

4. Legislative references

Insert; 'GSTE 2013/1 - Goods and Services Tax: Correcting GST Errors Determination 2013'.

5. Case references

Delete 'Fact sheet Correcting GST mistakes (Nat 4700)'.

This Addendum applies on and from 10 May 2013.

Commissioner of Taxation
21 August 2013

References

ATO references:
NO 1-4PAY12G