Goods and Services Tax Advice
GSTA TPP 034W
Goods and services tax: if an agent makes a single acquisition on behalf of multiple principals, can the tax invoice held by the agent be used by each principal to support the input tax credit claim for their respective shares of the acquisition?
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Notice of Withdrawal
1. This Goods and Services Tax Advice dealt with whether a tax invoice held by an agent for a creditable acquisition by multiple principals could be used by each principal to claim their share of the entitlement to an input tax credit for the acquisition.
2. This GSTA TPP is withdrawn as the Commissioner has waived the requirement for a recipient to hold a tax invoice before attributing an input tax credit to a tax period under subsection 29-10(3) of the A New Tax System (Goods and Services Tax) Act 1999 if the requirements in A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement (Acquisitions under an Agency Relationship) Legislative Instrument 2013 (Determination) are met.
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Commissioner of Taxation
30 October 2013