Private ruling: GST and creditable purpose
Date of advice: 28 January 2016
Published: March 2016

Ruling: Q1: The Commissioner of Taxation (Commissioner) was asked whether Entity A, as the representative member of the GST group which includes Entity B, is entitled to an input tax credit under Division 11 of the GST Act, in respect of the payment to Entity C pursuant to the, Funding Deed? | A1: No. The Commissioner does not consider that Entity A, as the representative member of the GST group which includes Entity B, is entitled to an input tax credit under Division 11 of the GST Act, in respect of the payment to Entity C pursuant to the Funding Deed.


Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999 | A New Tax System (Goods and Services Tax) Act 1999 11-5 | A New Tax System (Goods and Services Tax) Act 1999 11-15(1) | A New Tax System (Goods and Services Tax) Act 1999 11-15(2)(a) | A New Tax System (Goods and Services Tax) Act 1999 40-5(1) | A New Tax System (Goods and Services Tax) Act 1999 Division 48