• Scrap metal: claiming GST credits

    If you are a GST-registered scrap metal dealer, you can claim GST credits for purchases you make that are:

    • for business use, not to make input-taxed or private sales
    • subject to GST.
    Attention

    You must have a valid tax invoice to claim GST credits for purchases greater than $82.50

    End of attention

    This applies to scrap metal and other equipment (such as trucks, and sorting and crushing machinery) that you use in your business. You can claim GST credits even if the sale you then make is GST-free – for example, a GST-free export of scrap metal.

    To claim GST credits on goods you purchase for export you must buy them from a GST-registered seller. You must hold a tax invoice from the seller.

    How and when you can claim GST credits differs when:

     

      Last modified: 05 May 2014QC 17303