19
In forceNet GST not included in price of product or goods or amount paid for product or goods
Part 6Other matters
19 Net GST not included in price of product or goods or amount paid for product or goods
Despite section 177‑12 of the A New Tax System (Goods and Services Tax) Act 1999, a reference in the regulations to the price of a product or goods (including sale price or market price), or the amount paid for a product or goods, is taken not to include the net GST (within the meaning of that Act) that is included in that price or amount.
Regulations
This provision refers to the regulations (the regulations
). Made under this Act:
This Act’s bill:Explanatory memorandumSecond reading speech
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