Published on 14 Jun 00
by VICTORIAN DIVISION, THE TAX INSTITUTE
This paper addresses specific GST transitional issues, being: treatment of rights granted after 2 December 1998 and before 1 July 2000 which can be exercised on or after 1 July 2000, written agreements spanning 1 July 2000, valations for construction agreements spanning 1 July 2000 and valuations under the margin scheme, and treatment of Work in Progress. The ATO has released a number of draft rulings and rulings on these issues. They are examined in detail.
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