Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 72.50

Attributing the input tax credit to tax periods

             (1)  The tax period to which the input tax credit for a * creditable acquisition from your * associate without * consideration is attributable is the tax period in which the supply to which the acquisition relates first becomes a supply that is * connected with the indirect tax zone.

             (2)  This section has effect despite section 29-10 (which is about attributing input tax credits for creditable acquisitions).



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