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Edited version of your written advice
Authorisation Number: 1051413915888
Date of advice: 14 August 2018
Ruling
Subject: Goods and services tax and employee liabilities
The ruling concerned the GST treatment of statutory imposed liabilities under a sale contract. The Commissioner has ruled in the following way:
Question
Is Entity A entitled to claim an input tax credit in relation to the Goods and services tax (GST) included in the consideration it provided to the Vendor for its acquisition of Sale Assets and Employee Assets?
Answer
Yes, Entity A is entitled to claim an input tax credit in relation to the GST included in the consideration it provided to the Vendor for its acquisition of the Sale Assets and Employee Assets.
This ruling applies for the following period:
1 June 2017 to 30 June 2017
Relevant legislative provisions
A New Tax System (Goods and Services Tax) Act 1999
Section 9-5
Section 11-5, 11-10, 11-15, 11-20