Joint professional body submission in relation to GSTD 2008/D1
Member Price: Free
Non Member Price: $50.00
Publication date: 27 Jun 08
Source: TAXATION INSTITUTE OF AUSTRALIA
Abstract: While the Professional Bodies express no opinion on whether supplies of breakfast bars are taxable or GST-free, we do wish to comment on the explanation of the classification decision provided in the Draft Determination. In general, we are disappointed with the following aspects of the Draft Determination: 1. It does not adequately address and discuss the relevant provisions of the legislation. 2. It does not acknowledge the considerable confusion surrounding the classification of ‘food known as muesli bars or health food bars, and similar foodstuffs’ since the inception of GST. 3. It is inconsistent with various ATO rulings; and the ATO’s on-line GST Food Guide (NAT 3338-07.2005).
Author
profiles:
NATIONAL INSTITUTE OF ACCOUNTANTS
CPA AUSTRALIA
TAXATION INSTITUTE OF AUSTRALIA
ICAA
TAXPAYERS AUSTRALIA INC