A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 78.95 GST on premiums etc. under statutory compensation schemes is exclusive of stamp duty
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 78.95
GST on premiums etc. under statutory compensation schemes is exclusive of stamp duty(1) The * value of a * taxable supply of membership of, or participation in, a * statutory compensation scheme is worked out as if the * price of the supply were reduced by the amount of any stamp duty payable under a * State law or * Territory law in respect of the supply.
(2) This section has effect despite section 9 - 75 (which
is about the value of taxable supplies).