A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 90.10 Value of taxable supplies--amalgamated company not registered or required to be registered
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 90.10
Value of taxable supplies--amalgamated company not registered or required to be registered(a) an * amalgamating company makes a * taxable supply to an * amalgamated company in the course of * amalgamation; and
(b) immediately after the amalgamation, the amalgamated company is neither * registered nor * required to be registered;
the value of the taxable supply is the * GST exclusive market value of the supply.
(2) This section has effect despite section 9 - 75 (which
is about the value of taxable supplies).