Public Ruling on adjustment notes revised
Monday, 26 August 2013
On 21 August 2013, the Australian Taxation Office withdrew its original Public Ruling on adjustment notes, called GSTR 2000/1, and issued a revised Public Ruling on this topic. Adjustment notes are relevant when a supply (effective, a sale) is cancelled, the price is changed or changes occur to the extent to which the supply is taxable or creditable. To claim a reduced GST liability resulting from such an event, it is necessary to hold an adjustment note as supporting evidence. The new Public Ruling can be accessed here.