Commissioner publishes new draft Ruling on Tax Invoices

Today the Commissioner published Draft GSTR 2012/D3 ‘Tax invoices”.  This draft ruling replaces Draft GSTR 2011/D1, which has been withdrawn.

The draft Ruling sets out the minimum requirements for a tax invoice under ss 29-70(1) of the GST Act and explains the circumstances under ss 29-70(1A) when a recipient can treat a document as a tax invoice even though it does not meet all of the tax invoice requirements.

When finalised, the Ruling is proposed to apply from 1 July 2010.

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