Notice of Withdrawal
The draft Ruling set out the minimum information requirements for a tax invoice under subsection 29-70(1) of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act). It also explained when a document is in the approved form for a tax invoice.
It also explained the circumstances under subsection 29-70(1A) of the GST Act when a recipient of a supply can treat a document as a tax invoice even though it does not meet all of the tax invoice requirements.
It further explained when a document is taken to be a tax invoice under section 48-57 of the GST Act for the purposes of a GST group even though the group member that is the recipient of the supply is not identified in the document.
Subsection 29-70(1B) of the GST Act allows the Commissioner to treat a particular document as a tax invoice even though it does not meet all of the tax invoice requirements. This draft Ruling described the general principles that the Commissioner would have regard to in making a decision whether to treat a document as a tax invoice under that provision.
The draft Ruling explained how the threshold for low value transactions under subsection 29-80(1) of the GST Act applies such that a tax invoice is not required.
The draft Ruling also included a summary of the circumstances where the Commissioner has determined, under subsection 29-10(3) of the GST Act, that an input tax credit is attributable to a tax period without a recipient being required to hold a tax invoice.
This draft Ruling is withdrawn and replaced by GSTR 2012/D3. The preliminary views expressed in the former draft Ruling have been reviewed following consultation. The revised preliminary views are now set out in GSTR 2012/D3.