A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 84.12 The amount of GST on offshore supplies that are "reverse charged"
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 84.12
The amount of GST on offshore supplies that are "reverse charged"(1) The amount of GST on a supply that is a * taxable supply because of section 84 - 5 is 10% of the * price of the supply.
(2) This section has effect despite section 9 - 70 (which is about the amount of GST on taxable supplies).
Note: Section 9 - 90 (rounding of amounts of GST) can apply to
amounts of GST worked out using this section.