26 Aug 1010 Addendum to GSTR 2002/3 (Prizes)
On 25 August 2010, the following Addedum was issued:
- GSTR 2002/3A3 - Goods and services tax: prizes
The Addendum follows an amendment to the GST law made by Tax Laws Amendment (2009 GST Administration Measures) Act 2010 to provide a general clarification of the GST treatment of prize money that gambling operators are liable to pay out on GST-free supplies. The Addendum also makes some minor non-technical corrections.
The Addendum applies both before and after its date of issue, except for that part which deals with s 126-10(3) which applies from 24 March 2010.