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Edited version of your written advice
Authorisation Number: 1012893055862
Date of advice: 17 December 2015
Ruling
Subject: GST and creditable purpose
Question
Is the methodology proposed by the Entity to determine its entitlement to input tax credits for acquisitions of development services, fair and reasonable?
Answer
Yes.
Relevant legislative provisions
A New Tax System (Goods and Services Tax) Act 1999 Section 9-5
A New Tax System (Goods and Services Tax) Act 1999 Section 11-5
A New Tax System (Goods and Services Tax) Act 1999 Section 11-15
A New Tax System (Goods and Services Tax) Act 1999 Section 11-20
A New Tax System (Goods and Services Tax) Act 1999 Section 11-30
A New Tax System (Goods and Services Tax) Act 1999 Section 40-35
A New Tax System (Goods and Services Tax) Act 1999 Section 40-65
A New Tax System (Goods and Services Tax) Act 1999 Section 40-75, and
A New Tax System (Goods and Services Tax) Act 1999 Section 195-1.
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