Tax Laws Amendment (2010 GST Administration Measures No 1) Bill 2010 received Royal Assent on 24 March 2010. The Act contains 2 measures arising from the Board of Taxation review into the administration of GST, both of which commence on 1 July 2010.
These measures relate to:
- attribution of input tax credits
- adjustments for third party payments.
For more information on these measures from the ATO, go here