Private ruling: GST and carrying on an enterprise
Date of advice: 26 July 2021
Published: October 2021

Ruling: Q1: Is the unit trust eligible to be registered for GST (specifically considering whether its activities sufficiently amount to carrying on an enterprise) under subsection 23-10(1) of A New Tax System (Goods and Services Tax) Act 1999 (GST Act)? | A1: Yes.

Relevant facts and circumstances: The ruling relates to business activities that are carried on by very few stakeholders. Inclusion of the goods and services, and the facts could have led to identification of the taxpayer.

Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999 section 9-10 | A New Tax System (Goods and Services Tax) Act 1999 section 9-20 | A New Tax System (Goods and Services Tax) Act 1999 subsection 23-10(1) | A New Tax System (Goods and Services Tax) Act 1999 section 184 | A New Tax System (Australian Business Number) Act 1999 section 5