First High Court GST case - forfeited deposits taxable but little broader guidance

26 May 2008

The first GST case has been decided by the High Court of Australia. By unanimous judgement delivered on 22 May 2008 in Commissioner of Taxation v Reliance Carpet Co Pty Limited [2008] HCA 22, the Court found for the Commissioner that GST was payable where a deposit held by a vendor for the sale of commercial property was forfeited.

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