9.4. When will the input tax credit entitlement arise if I am a lessee?
Non-interpretative – other references (see GSTR 2000/29External Link - Goods and services tax: attributing GST payable, input tax credits and adjustments and particular attribution rules made under section 29-25)
Generally, entitlement to input tax credits for lessees will arise in the tax period in which the lease payment is due and payable as outlined in the payment schedule contained in the lease agreement document. However, if the lessee accounts for GST on the cash basis, the lessee will be entitled to an input tax credit when lease payments are made.