A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 177.3 Acquisitions from State or Territory bodies where GST liability is notional
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 177.3
Acquisitions from State or Territory bodies where GST liability is notional(a) an * Australian government agency, other than the Commonwealth or an * untaxable Commonwealth entity, makes a supply to another entity; and
(b) the agency is not liable for GST on the supply, but an amount relating to the agency's notional liability for GST on the supply is included in the * consideration for the supply;
the * GST law applies in relation to the other entity as if:
(c) the supply were a * taxable supply to that entity; and
(d) the amount of GST for which the agency is notionally liable
on the supply is the amount of GST payable on the supply.