Notice of Withdrawal
GSTR 2000/11 deals with the application of the Goods and Services Tax ('GST') to grants of financial assistance
The matters addressed in the Ruling are now dealt with in Goods and Services Tax Ruling GSTR 2012/2, which issues today.
The purpose of issuing GSTR 2012/2 is to take into account Australian case law on GST developed since GSTR 2000/11 was issued and to provide further clarity in the ATO view of the GST treatment of financial assistance payments which may have been incorrectly accounted for due to confusion about the application of the principles in GSTR 2000/11.
Entities can continue to rely on the views expressed in GSTR 2000/11 for payments made before 1 January 2013 if: (a) the arrangement between the parties was entered into before 30 May 2012 (the date of issue of GSTR 2012/2); and (b) the GST consequences concerning the treatment of financial assistance payments made under those arrangements are impacted by any conflict between the views expressed in GSTR 2012/2 and GSTR 2000/11.