LatestGoods & Service Tax (GST) 1 August 2026
Australia GST Ruling Update
The Australian Taxation Office has opened a consultation on Draft GST Ruling No. GSTR 2026/D2, which focuses on recipient created tax invoices. This ruling aims to clarify the process and requirements for recipient created tax invoices, providing guidance for businesses and tax professionals.
The Australian Taxation Office is seeking comments on a draft ruling regarding recipient created tax invoices (RCTIs).
The key points of the draft ruling include:
- the definition and scope of RCTIs
- the requirements for creating and issuing RCTIs
- the implications of RCTIs on GST liabilities.
The consultation is an opportunity for businesses and tax professionals to provide feedback on the draft ruling.
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