Private ruling: GST and reduced input tax credits
Date of advice: 3 March 2016
Published: April 2016

Ruling: Q1: Is Entity A, the representative member of the GST group which includes Entity B, entitled to claim reduced input tax credits (RITCs) of 75% under item 29(a) in the table in subregulation 70-5.02(2) of the A New Tax System (Goods and Services Tax) Regulations 1999 (GST Regulations) in respect of services acquired by Entity B in consideration for the specified Fee Amounts'? | A1: No.


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 11-15 | A New Tax System (Goods and Services Tax) Act 1999 section 11-20 | A New Tax System (Goods and Services Tax) Act 1999 subsection 70-5(1) | A New Tax System (Goods and Services Tax) Act 1999 Division 189 | A New Tax System (Goods and Services Tax) Regulations 1999 subregulation 40-5.09(4A) | A New Tax System (Goods and Services Tax) Regulations 1999 subregulation 70-5.02(2) | A New Tax System (Goods and Services Tax) Regulations 1999 subregulation 70-5.03(c)


Subject: GST and reduced input tax credits: The Commissioner has ruled on the following question.