Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 93.15

GST no longer able to be taken into account

                   You are not entitled to an input tax credit for a * creditable acquisition to the extent that GST on the related supply has not been taken into account in the * assessment of the supplier's * net amount for the tax period to which that GST is attributable if:

                     (a)  the period of review (within the meaning of section 155-35 in Schedule 1 to the Taxation Administration Act 1953 ) for that assessment has ended; and

                     (b)  when that period of review ended, you did not hold a * tax invoice for the creditable acquisition.



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