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Edited version of private advice
Authorisation Number: 1051800912048
Date of advice: 02 February 2021
Ruling
Subject: GST and apportionment methodology
The Commissioner has provided a response to the following questions:
Question 1
Is the proposed apportionment methodology to calculate the extent of creditable purpose of the entity fair and reasonable for the purposes of Division 11 of the A New Tax System (Goods and Services) Tax Act 1999 (GST Act)?
Question 2
If the answer to question one is yes, can the entity apply the proposed apportionment methodology retrospectively to claim input tax credits for the specified monthly tax periods?
Relevant legislative provisions
A New Tax System (Goods and Services Tax) Act 1999 Division 11
A New Tax System (Goods and Services Tax) Act 1999 Section 11-15
A New Tax System (Goods and Services Tax) Act 1999 Section 11-30