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

Chapter 6 - Interpreting this Act

Part 6-2 - Meaning of some important concepts

Division 188 - Meaning of GST turnover

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188-20 Projected GST turnover

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General

(1)

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Your projected GST turnover at a time during a particular month is the sum of the * values of all the supplies that you have made, or are likely to make, during that month and the next 11 months, other than:

(a) supplies that are * input taxed ; or

(b) supplies that are not for * consideration (and are not * taxable supplies under section 72-5 ); or

(c) supplies that are not made in connection with an * enterprise that you * carry on .

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Members of GST groups

(2)

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If you are a * member of a * GST group , your projected GST turnover at a time during a particular month is the sum of the * values of all the supplies that you or any other member of the group have made, or are likely to make, during that month and the next 11 months other than:

(a) supplies made from one member of the group to another member of the group; or

(b) supplies that are * input taxed ; or

(c) supplies that are not for * consideration (and are not * taxable supplies under section 72-5 ); or

(d) supplies that are not made in connection with an * enterprise that you * carry on .

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Supplies that are disregarded

(3)

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In working out your projected GST turnover , disregard:

(a) any supply that is not * connected with the indirect tax zone ; and

(b) any supply that is connected with the indirect tax zone because of paragraph 9-25(5)(c) , unless:

(i) the supply is made to an *Australian consumer; and

(ii) the supply is not *GST-free; and

(iii) the thing to be acquired under the right or option referred to in that paragraph is not goods or *real property; and

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(c) (Repealed by No 65 of 2019)

(d) any *GST-free supply made by a *non-resident that does not make the supply through an *enterprise that the non-resident *carries on in the indirect tax zone.

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History

S 188-20(3) amended by No 65 of 2019, s 3 and Sch 2 item 3, by repealing para (c), effective 1 October 2019 and applicable in relation to a supply:

(a) for which consideration is first received on or after 1 July 2019; or

(b) if, before any consideration is received for the supply, an invoice is issued relation to the supply - for which an invoice is issued on or after 1 July 2019.

Para (c) formerly read:

(c) any supply (other than a supply covered by paragraph (a) or (b)):

(i) of a right or option to use * commercial accommodation in the indirect tax zone; and

(ii) that is not made in the indirect tax zone; and

(iii) that is made through an * enterprise that the supplier does not *carry on in the indirect tax zone; and

S 188-20(3) amended by No 52 of 2016, s 3 and Sch 1 item 8, by substituting para (b), applicable in relation to working out net amounts for tax periods starting on or after 1 July 2017. See note under Subdiv 38-T heading. Para (b) formerly read:

(b) any supply that is connected with the indirect tax zone because of paragraph 9-25(5)(c); and

S 188-20(3) amended by No 52 of 2016, s 3 and Sch 2 item 21, by inserting para (d), applicable in relation to working out net amounts for tax periods starting on or after 1 October 2016. For saving provisions, see note under s 9-26 .

S 188-20(3) amended by No 2 of 2015, s 3 and Sch 4 item 31, by substituting " the indirect tax zone " for " Australia " (wherever occurring), applicable to a tax period that commences on or after 1 July 2015.

S 188-20(3) amended by No 80 of 2007, s 3 and Sch 2 item 46, by substituting " projected GST turnover " for " projected annual turnover " , applicable in relation to net amounts for tax periods starting on or after 1 July 2007.

S 188-20(3) substituted by No 77 of 2005, s 3 and Sch 3 item 16D, applicable to supplies made on or after 1 October 2005. No 77 of 2005, s 3 and Sch 3 item 18 contains the following transitional provision:

18 Transitional provision
For the purposes of sections 188-15 and 188-20 of the A New Tax System (Goods and Services Tax) Act 1999 , in working out an enterprise ' s current annual turnover, or projected annual turnover, at a time during July, August or September 2005, disregard a supply if:

(a) the enterprise through which the supply is made is not carried on in Australia; and

(b) the supply:

(i) is a supply of a right or option to use commercial accommodation in Australia; and

(ii) is not made in Australia.

S 188-20(3) formerly read:

Supplies must be connected with Australia

(3)
In working out your projected annual turnover , disregard any supplies that are not *connected with Australia.

S 188-20(3) inserted by No 176 of 1999, s 3 and Sch 1 item 129, effective 1 July 2000.

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