Private ruling: Goods and services tax and employee liabilities
Date of advice: 14 August 2018
Published: October 2018
Ruling period: 1 June 2017 to 30 June 2017

Ruling: Q1: Is Entity A entitled to claim an input tax credit in relation to the Goods and services tax (GST) included in the consideration it provided to the Vendor for its acquisition of Sale Assets and Employee Assets? | A1: Yes, Entity A is entitled to claim an input tax credit in relation to the GST included in the consideration it provided to the Vendor for its acquisition of the Sale Assets and Employee Assets.


Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999 Section 9-5 | Section 11-5, 11-10, 11-15, 11-20


Subject: Goods and services tax and employee liabilities: The ruling concerned the GST treatment of statutory imposed liabilities under a sale contract. The Commissioner has ruled in the following way: