30 Apr 099 GST: cancellation fees - GSTR 2009/3This final GST Ruling was issued on 29 April 2009. It was previously released in draft form as GSTR 2008/D4.
The Ruling focuses on arrangements that are cancelled by or on behalf of a recipient or intended recipient and a fee is charged (including the forfeiture of all or part of the consideration for the intended supply). A supplier may also cancel an arrangement. However, in the latter case a cancellation fee is usually not charged. Therefore, the Ruling does not deal with cancellations made by a supplier except in relation to a ticketed arrangement for the supply of performances, events or similar arrangements.
For a copy of GSTR 2008/D4, go here.