Private ruling: GST and reduced input tax credits
Date of advice: 21 September 2016
Published: November 2016

Ruling: Q1: Is Entity A making a reduced credit acquisition under item 1 of the table in subregulation 70-5.02(2) of the A New Tax System (Goods and Services Tax) Regulations 1999 (GST Regulations) of the services supplied by Entity B under the relevant agreement between the two parties? | A1: Yes.


Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999 section 9-5 | A New Tax System (Goods and Services Tax) Act 1999 section 40-5 | A New Tax System (Goods and Services Tax) Act 1999 Division 70 | A New Tax System (Goods and Services Tax) Regulations 1999 subregulation 70-5.02(2)


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