Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 142.1

What this Division is about

Excess GST is not to be refunded if this would give an entity a windfall gain .

Note:          Refunding excess GST to a supplier will give it a windfall gain if it has already passed on the excess GST in the price of the supply (and not reimbursed the recipient).


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback