Australia: New GST refund measures remove scope for subjectivity

Aaran Fronda

August 05, 2014

The rules that determine the amount a taxpayer can be refunded for payment of excess GST have now changed. The Tax Laws Amendment (2014 Measures No 1) Bill 2014 updates the Taxation Administration Act (TAA) to provide that excess GST shall not be refunded where an entity would obtain a windfall gain.

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