Sales Tax Procedure Regulations (Amendment) (Cth)

STATUTORY RULES.

1935. No. 52.

 

REGULATIONS UNDER THE SALES TAX PROCEDURE ACT 1934-1935.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Sales Tax Procedure Act 1934-1935.

Dated this twenty ninth day of May, 1935.

(Sgd.) ISAAC A. ISAACS

Governor-General.

By His Excellency’s Command,

Acting Treasurer.

 

Amendments of the Sales Tax Procedure Regulations.

Forms.

1. Regulation 4 of the Sales Tax Procedure Regulations is amended by inserting at the end of sub-regulation (4.) the following proviso:—

“Provided that the form to be used by any person in furnishing any return of goods leased by him under a hire-purchase agreement may be in accordance with Form 1, and that for the purpose of furnishing any such return in accordance with that Form—

(a) any reference in that Form to ‘sale’ shall be deemed to be a reference to the lease of those goods under that agreement;

(b) any reference in that Form to ‘sale price’ shall be deemed to be a reference to the total amount to be paid by the lessee to the lessor under the agreement; and

(c) any reference in that Form to 'sale value' shall be deemed to be a reference to the amount which, at the time the lease was effected was the fair wholesale value of the goods.”.

________________________________________________________________________________

* Notified in the Commonwealth Gazette on , 1935.

  Statutory Rules 1934, No. 155.

1599.—30/7.5.1935.—Price 3d.

 

Schedule, Form 4.

2. The Schedule to the Sales Tax Procedure Regulations is amended by omitting Form 4 and inserting in its stead the following Form:—

“Regulation 4. Form 4.

No. of Registration Certificate.............

Commonwealth of Australia.

State of...............................

To the Deputy Commissioner of Taxation,

Box................, G.P.O........................................

Sales Tax Procedure Act 1934-1935 and Sales Tax Assessment Act (No. 9) 1930-1935.

RETURN OF GOODS LEASED DURING THE MONTH OF...................................................

19...... SUBMITTED BY—

Name (in full)......................................

Address...............................................

...............................................

Business...................................

Description of Goods.

Fair wholesale value of goods leased under hire-purchase agreements.

Particulars of goods leased otherwise than under hire-purchase agreements.

Taxable Sale Value.

Rate of Tax.

Amount of Sales Tax.

Market Value.

Period of Lease.

Terms of Payment.

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

£

s.

d.

£

s.

d.

£

s.

d.

£

s.

d.

Totals…

Less Rebate in respect of tax (if any) previously paid by taxpayer in respect of the above goods or included in the purchase price of the goods or the raw material used in the manufacture of the goods…………………………

Net Tax………………….

I,................................................. of........................................................................ being the

 declare that the about return is true in every particular.

Declared at............................. this......................................... day of................................ 193...

..................................................

Signature of Proprietor, Partner, or Public Officer.

Note.—This return must be furnished in triplicate to the Deputy Commissioner of Taxation,

..............................................  within twenty-one (21) days after the end of the month in respect of which the return is made.”.

 

By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.