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  • 2. No GST joint venture

    Where there is no GST joint venture the basic rules apply.

    The operator of a joint venture, which is not a GST joint venture, will need to ascertain whether or not it is acting as agent or principal for each supply and acquisition it makes on behalf of the participants in order to ascertain whether GST is payable or whether it is entitled to input tax credits.

    The operator of a joint venture, that is not a GST joint venture, would not be able to assume that it always contracts as principal.

      Last modified: 01 Sep 2015QC 16450