Document ID: chunk:federal_register_of_legislation:C2017C00021:section:15c:p2
Version: federal_register_of_legislation:C2017C00021
Segment Type: section
Provision Reference: s 15C (pt 2/2)
Character Range: 24474–25155

of that Act.
 (5) For the purposes of subparagraph (2)(b)(i), the day on which the recipient fails to accept an arbitrated offer is:
 (a) the day applicable under paragraph (4)(a) or (b); or
 (b) if a day is applicable under both of those paragraphs—the earlier of those days.
 (6) To avoid doubt, the fact that the GST on the supply is payable by the recipient does not affect any entitlement of the recipient to an input tax credit for the acquisition to which the supply relates.
 (7) An election referred to in subparagraph (1)(c)(i) cannot be revoked.
 (8) This section has effect despite section 9‑40 of the GST Act (which is about liability for the GST on taxable supplies).