Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 29.70

  (1)   A tax invoice is a document that complies with the following requirements:

  (a)   it is issued by the supplier of the supply or supplies to which the document relates, unless it is a * recipient created tax invoice (in which case it is issued by the * recipient);

  (b)   it is in the * approved form;

  (c)   it contains enough information to enable the following to be clearly ascertained:

  (i)   the supplier's identity and the supplier's * ABN;

  (ii)   if the total * price of the supply or supplies is at least $1,000 or such higher amount as the regulations specify, or if the document was issued by the recipient--the recipient's identity or the recipient's ABN;

  (iii)   what is supplied, including the quantity (if applicable) and the price of what is supplied;

  (iv)   the extent to which each supply to which the document relates is a * taxable supply;

  (v)   the date the document is issued;

  (vi)   the amount of GST (if any) payable in relation to each supply to which the document relates;

  (vii)   if the document was issued by the recipient and GST is payable in relation to any supply--that the GST is payable by the supplier;

  (viii)   such other matters as the regulations specify;

  (d)   it can be clearly ascertained from the document that the document was intended to be a tax invoice or, if it was issued by the recipient, a recipient created tax invoice.

Note:   If the recipient is a member of a GST group, section   48 - 57 may relax the requirements relating to the recipient's identity or the recipient's ABN.

  (1A)   A document issued by an entity to another entity may be treated by the other entity as a * tax invoice for the purposes of this Act if:

  (a)   it would comply with the requirements for a tax invoice but for the fact that it does not contain certain information; and

  (b)   all of that information can be clearly ascertained from other documents given by the entity to the other entity.

Note:   The requirements for a tax invoices are primarily contained in subsection   (1), but can be affected by sections   48 - 57 and 54 - 50.

  (1B)   However, the Commissioner may treat as a * tax invoice a particular document that would not, apart from this subsection, be a tax invoice.

  (2)   The supplier of a * taxable supply must, within 28 days after the * recipient of the supply requests it, give to the recipient a * tax invoice for the supply, unless it is a * recipient created tax invoice.

  (3)   A recipient created tax invoice is a * tax invoice belonging to a class of tax invoices that the Commissioner has determined in writing may be issued by the * recipient of a * taxable supply.