Private ruling: Goods and services tax
Date of advice: 8 August 2019
Published: October 2019

Ruling: Q3: Does Division 84 of the A New Tax System (Goods and Services Tax) Act 1999 apply where Entity A acquires supplies of Adviser Services from non-resident Advisers for supplies not connected with the indirect tax zone?


Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999 : · Section 9-5 | · Section 11-5 | · Section 11-15 | · Section 40-5 | · Section 70-5 | · Section 70-10 | · Division 84 | · Section 84-5 | A New Tax System (Goods and Services Tax) Regulations 1999 : · Subsection 40-5.09(3) | · Section 70-5.02 | · Subsection 70-5.02(1) Item 23(a)


Subject: Goods and services tax: The Commissioner has ruled on each of the following questions. | Question 1: Does Entity A, in its capacity as responsible entity for trust A make a reduced credit acquisition where Advisers provide Adviser Services? | Question 2: Assuming the answer to Question 1 is yes, is Entity A entitled to a reduced input tax credit equal to 75% of the GST payable on the supply?