Document ID: chunk:federal_register_of_legislation:F2023L00322:clause:1_6
Version: federal_register_of_legislation:F2023L00322
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 2403–4007

6  Waiver of the requirement to hold a tax invoice
 (1) For the purposes of attributing an input tax credit for a creditable acquisition to a tax period, a recipient is not required to hold a tax invoice under subsection 29‑10(3) of the Act if:
            (a) the recipient makes a creditable acquisition to which the Goods and Services Tax: Particular Attribution Rules Where Total Consideration is Not Known Determination 2017 applies;
            (b) an input tax credit would otherwise be attributable to a tax period to the extent of either:
               (i) the amount of the consideration stated in an invoice issued in that tax period; or
               (ii) the consideration provided in that tax period (if an invoice is not issued or the consideration provided is greater than the amount on the invoice); and
            (c) the requirements in subsection (2) are met.
 (2) At the time the recipient gives a GST return to the Commissioner for the tax period to which the input tax credit (or any part of the input tax credit) on the acquisition would otherwise be attributable, the recipient must hold:
            (a) an invoice for the creditable acquisition, which:
               (i) shows an interim amount payable; and
               (ii) meets the information requirements set out in section 7; or
            (b) a document for a creditable acquisition that is issued when the total consideration for the supply or supplies is known and:
               (i) shows the remainder of the amount payable; and
               (ii) meets the information requirements set out in section 7.