Goods and Services Tax Ruling

GSTR 2003/14A2 - Addendum

Goods and services tax: the GST implications of transactions between members of a barter scheme conducted by a trade exchange

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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 Ruling GSTR 2003/14 to update the Date of Effect section to reflect the amendments within the Tax Laws Amendment (2010 GST Administration Measures No. 2) Act 2010 which came into effect on 1 July 2010.

GSTR 2003/14 is amended as follows:

1. Paragraphs 10 and 11

Omit the paragraphs including the note; substitute:

10. This Ruling applies [to tax periods commencing] both before and after its date of issue. However, this Ruling will not apply to taxpayers to the extent that it conflicts with the terms of a settlement of a dispute agreed to before the date of issue of this Ruling (see paragraphs 75 and 76 of Taxation Ruling TR 2006/10).

Note 1: The Addendum to this Ruling that issued on 11 July 2007, explains our view of the law as it applied from 1 July 2007.

Note 2: The Addendum to this Ruling that issued on 31 October 2012, explains our view of the law as it applied from 1 July 2010.

2. Footnote 13

Omit 'GSTR 2000/17'; substitute 'GSTR 2011/D1'.

3. Related Rulings/Determinations

Omit 'GSTR 1999/1; GSTR 2000/17'; substitute 'TR 2006/10; GSTR 2011/D1'.

4. Legislative References

(a) Omit:

-

TAA 1953 37

(b) Insert:

-

TAA 1953 Sch1 Div 358

This Addendum applies on and from 1 July 2010.

Commissioner of Taxation
31 October 2012

References

ATO references:
NO 1-409EPDL