A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 7.1 GST and input tax credits
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 7.1
GST and input tax credits(1) GST is payable on * taxable supplies and * taxable importations.
(2) Entitlements to input tax credits arise on * creditable acquisitions and * creditable importations.
For taxable supplies and creditable acquisitions, see Part 2 - 2.
For taxable importations and creditable importations, see Part 2 - 3.