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Edited version of your written advice
Authorisation Number: 1012972714075
Date of advice: 3 March 2016
Ruling
Subject: GST and reduced input tax credits
The Commissioner has ruled on the following question.
Question
Is Entity A, the representative member of the GST group which includes Entity B, entitled to claim reduced input tax credits (RITCs) of 75% under item 29(a) in the table in subregulation 70-5.02(2) of the A New Tax System (Goods and Services Tax) Regulations 1999 (GST Regulations) in respect of services acquired by Entity B in consideration for the specified Fee Amounts'?
Answer
No.
Relevant legislative provisions
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 subsection 70-5(1)
A New Tax System (Goods and Services Tax) Act 1999 Division 189
A New Tax System (Goods and Services Tax) Regulations 1999 subregulation 40-5.09(4A)
A New Tax System (Goods and Services Tax) Regulations 1999 subregulation 70-5.02(2)
A New Tax System (Goods and Services Tax) Regulations 1999 subregulation 70-5.03(c)