7.4.a. How are input tax credits calculated on used vehicles traded in from registered entities?

Non-interpretative - straight application of the law.

If the entity trading in the vehicle is a registered entity, the supply will be a taxable supply by the entity trading in the vehicle. The input tax credit for the dealer is the GST payable on the supply of the vehicle traded in.

    Last modified: 07 Jun 2012QC 16411