Private ruling: GST and creditable acquisition
Date of advice: 20 December 2017
Published: May 2018

Ruling: Q1: Do you make a creditable acquisition of the works from a subcontractor under your contract with the subcontractor? | A1: Yes. You make a creditable acquisition of the works from a subcontractor under your contract with the subcontractor as the requirements at section 11-5 of the A New Tax System (Goods and Services Tax) Act 1999 ( GST Act) are considered satisfied in respect of the acquisition.