A New Tax System (Goods and Services Tax) Act 1999
If a supply (the actual supply ) is:
(a) partly a * taxable supply ; and
(b) partly a supply that is * GST-free or * input taxed ;
the value of the part of the actual supply that is a taxable supply is the proportion of the value of the actual supply that the taxable supply represents.
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The value of the actual supply, for the purposes of subsection (1), is as follows:
|
*Price of the actual supply
×
10
10 + Taxable proportion |
where:
taxable proportion
is the proportion of the value of the actual supply that represents the value of the *
taxable supply
(expressed as a number between 0 and 1).
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