Private ruling: Financial supplies made under two agreements
Date of advice: 29 October 2019
Published: December 2019

Ruling: Q1: Is the supply of a credit facility made under two agreements a single supply of a credit arrangement which is an input taxed financial supply for GST purposes? | A1: The Commissioner ruled that a credit facility made under two agreements is a single supply of a credit arrangement which is an input taxed financial supply for GST purposes.


Relevant legislative provisions: Section 9-5 of the A New Tax System (Goods and Services Tax) Act 1999 | Subsection 40-5(2) of the A New Tax System (Goods and Services Tax) Act 1999