Private ruling: Reduced Credit Acquisitions
Published: October 2012

Ruling: Q1: Can the Commissioner confirm if services acquired by ENTITY A from Entity B qualify as a reduced credit acquisition (RCA) under items 7(d) and 29 of the table in subregulation 70-05.02(2) of A New Tax System (Goods and Services Tax) Regulations 1999 (GST Regulations)? | A1: The Commissioner is of the view that the services acquired by ENTITY A from Entity B do not qualify as RCAs under items 7(d) or 29 of the table in sub-regulation 70-05.02(2) of the GST Regulations.




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