Private ruling: GST and apportionment of input tax credits
Published: June 2015

Ruling: Q1: Can the Credit Union use the apportionment methodology to determine the extent to which it makes acquisitions for a creditable purpose for the purposes of subsection 11-15(2) of the A New Tax System (Goods and Services Tax) Act 1999 ? | A1: Yes, the Credit Union can use the apportionment methodology to determine the extent to which it makes acquisitions for a creditable purpose.


Relevant legislative provisions: A New Tax System (Goods and Services Tax) Act 1999 section 11-15.