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  Miscellaneous 2007

Tax cases: Court questions what is a supply - forfeited deposits

Source: Taxation In Australia Journal Article

Published Date: 1 Aug 2007

 
In 2006 the Administrative Appeals Tribunal found in Reliance Carpet Co Pty Ltd v Commissioner of Taxation, that GST was payable by a vendor on a deposit forfeited by the purchaser under a Victorian sale of land agreement where the agreement had been rescinded due to the purchaser’s breach.
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