Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 79.40

GST on CTP premiums is exclusive of stamp duty

             (1)  The * value of a * taxable supply for which the * consideration includes an amount of * CTP premium is worked out as if the * price of the supply were reduced by the amount of any stamp duty payable under a * State law or * Territory law in respect of the supply.

             (2)  This section has effect despite section 9-75 (which is about the value of taxable supplies).



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