Private ruling: GST and government funding
Published: November 2013

Ruling: Q1: Are payments made to an entity consideration for taxable supplies made by it to a government entity? | A1: Yes, the payments made to the entity are consideration for taxable supplies made by it to the government entity. | Q2: If the payments made to the entity are consideration for taxable supplies, which tax period/s does it attribute them to? | A2: As the entity accounts for goods and services tax (GST) on a cash basis, it attributes GST on a taxable supply to the tax period in which it receives consideration for the supply.




Issue: The Commissioner has ruled on the following issues.