| Disclaimer This edited version has been archived due to the length of time since original publication. It should not be regarded as indicative of the ATO's current views. The law may have changed since original publication, and views in the edited version may also be affected by subsequent precedents and new approaches to the application of the law. You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of your private ruling
Authorisation Number: 1012338879728
This edited version of your ruling will be published in the public Register of private binding rulings after 28 days from the issue date of the ruling. The attached private rulings fact sheet has more information.
Please check this edited version to be sure that there are no details remaining that you think may allow you to be identified. If you have any concerns about this ruling you wish to discuss, you will find our contact details in the fact sheet.
Ruling
Subject: Reduced Credit Acquisitions
Question
Can the Commissioner confirm if services acquired by ENTITY A from Entity B qualify as a reduced credit acquisition (RCA) under items 7(d) and 29 of the table in subregulation 70-05.02(2) of A New Tax System (Goods and Services Tax) Regulations 1999 (GST Regulations)?
Answer
The Commissioner is of the view that the services acquired by ENTITY A from Entity B do not qualify as RCAs under items 7(d) or 29 of the table in sub-regulation 70-05.02(2) of the GST Regulations.