Private ruling: GST and methodology to determine the extent of creditable purpose of acquisitions
Date of advice: 18 December 2019
Published: January 2020
Ruling period: tax periods commencing on or after 1 January 2020

Ruling: The Commissioner issued a revised private ruling that the taxpayer's apportionment methodology is not a fair and reasonable basis for determining the extent of creditable purpose of its acquisitions because the methodology does not give a fair and reasonable reflection of the extent of the relationships between the relevant acquisitions and supplies made by the taxpayer.


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 15-5 | A New Tax System (Goods and Services Tax) Act 1999 section 15-10 | Taxation Administration Act 1953 subsection 359-55(1) of Schedule 1 | Taxation Administration Act 1953 subsection 359-55(5) of Schedule 1


NOTICE: This is an edited version of a revised private ruling. It replaces the edited version of the private ruling with the authorisation number 1012592049953.