Published on 14 Feb 02
by THE TAX INSTITUTE
The Taxation Institute of Australia provides comment on GSTR 2001/D7: Goods and Services: Prizes. It states that although the Draft Ruling provides a useful analysis of the GST principles that are relevant to the treatment of prizes, these are complicated rules for such trivial dollar collection amounts of GST.
INSTITUTE OF CHARTERED ACCOUNTANTS IN AUSTRALIA
NATIONAL INSTITUTE OF ACCOUNTANTS
TAXATION INSTITUTE OF AUSTRALIA