A New Tax System (Goods and Services Tax) Act 1999

Chapter 2 - The basic rules  

Part 2-3 - Importations  

Division 15 - Creditable importations  

15-20   How much are the input tax credits for creditable importations?  
The amount of input tax credit for a * creditable importation is an amount equal to the GST payable on the importation. However, the amount of the input tax credit is reduced if the importation is only * partly creditable .


The basic rule for working out the GST payable on the importation is in section 13-20 . However, the GST payable may be affected by other provisions in:

  • (a) this Act (for a list of provisions, see section 13-99 ); and
  • (b) other GST laws (for example, see subsection 357-60(3) in Schedule 1 to the Taxation Administration Act 1953 (about the effect of rulings made under Part 5-5 in that Schedule)).

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