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GSTR 2000/D23: GST Consequences of Court Orders and Out-of-Court Settlements

Published on 13 Mar 01 by THE TAX INSTITUTE

The draft Ruling explains that, in the ATO's preliminary view, the GST consequences of a court order or out-of-court settlement will depend on whether the payment resulting from the order or settlement is characterised as consideration for a supply.
GSTR 2000/D23 then explains that a supply will only be a taxable supply if it is made for consideration. It then states that this requires that there be a sufficient nexus between the supply and a payment, act or forbearance.

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TAX POLICY & RESEARCH DIVISION

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