Private ruling: GST and creditable acquisition
Date of advice: 22 March 2018
Published: June 2018

Ruling: Q2: If the answer to Question 1 is yes, to the extent that the acquisition of the services by you is a creditable acquisition, can the GST group (to which you are a group member) recover the GST incurred in full and is not required to make any future adjustments pursuant to section 129 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act), GST Act? | A2: Yes


Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999 section 11-5 | A New Tax System (Goods and Services Tax) Act 1999 section 48-45 | A New Tax System (Goods and Services Tax) Act 1999 section 129-40


Is the acquisition of services by you from third party entities a creditable acquisition for GST purposes?