STNK v CofT – another GST gold case – not relevantly ‘refined’ but some GST-free as an export and no Div 165 anti-avoidance
A taxpayer has had mixed success before the Small Business Claims Tribunal in arguing that the supply of gold was GST-free. The taxpayer acquired gold which it purported to refine so that it satisfied the definition of precious metal. This meant that the supply by the taxpayer was GST-free under s 38-385 of the GST Act (or…