Published on 10 Dec 08
by THE TAX INSTITUTE
The approach adopted in the Draft Ruling appears to apply the comments made by the High Court in the Reliance Carpet decision beyond their intended purpose in seeking to identify a number of potential supplies that could be made in relation to cancellation fee scenarios where the intended supply does not take place.
TAXPAYERS AUSTRALIA INC
TAXATION INSTITUTE OF AUSTRALIA
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NATIONAL INSTITUTE OF ACCOUNTANTS