Private ruling: GST and apportionment of input tax credits
Published: September 2012

Ruling: Q1: Is the entity's proposed transaction based apportionment methodology fair and reasonable? | A1: The proposed apportionment methodology, without recognition of the greater rate/proportion of the costs consumed by the input taxed products and recognition of the resources utilised to administer the investments, is not a fair and reasonable reflection of the extent of creditable purpose of those costs that have a particular GST Code.




Please check this edited version to be sure that there are no details remaining that you think may allow you to be identified. If you have any concerns about this ruling you wish to discuss, you will find our contact details in the fact sheet. | Subject: GST and apportionment of input tax credits: The commissioner was asked to rule on the following issue: