Draft legislation released regarding refunds of excess GST
Monday, 25 February 2013
Draft legislation has been released by the Assistant Treasurer concerning the circumstances where the Commissioner of Taxation will refund an overpayment of GST. The proposed new law is open for a second round of public consultation. The changes seek to clarify circumstances where the restriction on GST refunds will apply to overpayments of GST. More information is available from the website of The Treasury.