Published on 01 Mar 00
by THE TAX INSTITUTE
Joint Comments Prepared on Behalf of the Institute of Chartered Accountants in Australia, the Australian Society of CPAs, the Taxation Institute of Australia and the Australian Taxpayers Association on Draft Goods and Services Tax Ruling GSTR 1999/D10 Goods and Services Tax: tax invoices. Paragraph 8 raises the prospect that contracts are capable of being tax invoices. However, this aspect is not expanded upon elsewhere in the ruling. Because there has been much speculation on this issue it would be appreciated if specific comments could be included in relation to contracts for the sale of land and similar documents and how they may qualify as a tax invoice.
INSTITUTE OF CHARTERED ACCOUNTANTS IN AUSTRALIA
AUSTRALIAN SOCIETY OF CERTIFIED PRACTISING ACCOUNTANTS
TAXATION INSTITUTE OF AUSTRALIA