A New Tax System (Goods and Services Tax) Act 1999
The amount of the input tax credit for a * creditable acquisition is an amount equal to the GST payable on the supply of the thing acquired. However, the amount of the input tax credit is reduced if the acquisition is only * partly creditable .
The basic rule for working out the GST payable on the supply is in Subdivision 9-C . However, the GST payable may be affected by other provisions in:
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