This GST Ruling, released Wed 27.3.2013, sets out the minimum information requirements for a tax invoice under s 29-70(1) of the GST Act. It was issued in draft form as Draft GSTR 2012/D3 (which in turn replaced the previous draft, ie Draft GSTR 2011/D1).
In addition to setting out the Tax Office’s view of the information requirements contained in s 29-70(1), the Ruling also:
- examines when a recipient of a document for a supply can treat that document as a tax invoice even though it does not meet all of the tax invoice requirements (pursuant to s 29-70(1A) [viz: when the missing information is provided in another document]);
- explains when the Commissioner will treat a particular document as a tax invoice even though that document does not meet all of the tax invoice requirements (pursuant to s 29-70(1B) [viz: where the Commissioner treats a document as a ‘tax invoice’); and
- states the circumstances in which a supplier need not issue a tax invoice and where an input tax credit is attributable to a tax period even if the recipient does not hold a tax invoice.
DATE OF EFFECT: The Ruling applies on and from 1 July 2010.
[LTN 59, 27/3/13]
[FJM Note: Section 29-10(3) of the GST Act also allows the Commissioner to waive the requirement for a ‘tax invoice’ in specified circumstances (which he recently did – see GST Legislation above). Without such a waiver, any applicable input tax credit could not be attributed to the normal tax period, until the ‘tax invoice’ had been obtained.]