Goods and Services Tax Ruling

GSTR 2002/5A4ER1 - Erratum

Goods and services tax: when is a 'supply of a going concern' GST-free?

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Erratum

This Erratum is a public ruling for the purposes of the Taxation Administration Act 1953. It corrects the Addendum to Goods and Services Tax Ruling GSTR 2002/5 where Example 16A sets out that SellCo makes a supply to AcquireCo, but subsequently describes AcquireCo as making a GST-free going concern.

GSTR 2002/5 is corrected as follows:

1. Paragraph 107E and 107F

Omit the last occurrence of 'AcquireCo' in both paragraphs; substitute 'SellCo'.

This Erratum applies on and from 3 June 2015.

Commissioner of Taxation
15 July 2015

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References

ATO references:
NO 1-6B322VX