A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 40.1 What this Division is about
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 40.1
What this Division is aboutThis Division provides for the supplies that are input taxed. If a supply is input taxed, then:
• no GST is payable on the supply;
• there is no entitlement to an input tax credit for anything acquired or imported to make the supply (see sections 11 - 15 and 15 - 10).
For the basic rules about supplies that are input taxed, see sections 9 - 30 and 9 - 80.