20 Jul 066 GST: barter exchange arrangements as described in Taxpayer Alert TA 2005/4 - GSTD 2006/5This final GST Determination was issued on 19 July 2006. It was not previously released as a draft. Its full title is "Goods and services tax: what are the results for GST purposes of barter exchanges engaging in the arrangement described in Taxpayer Alert TA 2005/4?" The Determination states: "A barter exchange does not have an entitlement to input tax credits for acquisitions made by it as part of an arrangement described in Taxpayer Alert TA 2005/4". Taxpayer Alert TA 2005/4 issued on 19 December 2005: see 2005 TAXVINE No 50 (35) (16 December 2005).
For a copy of GSTD 2006/5, go here
For a copy of TA 2005/4, go here