A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 93.15 GST no longer able to be taken into account
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 93.15
GST no longer able to be taken into accountYou are not entitled to an input tax credit for a * creditable acquisition to the extent that GST on the related supply has not been taken into account in the * assessment of the supplier's * net amount for the tax period to which that GST is attributable if:
(a) the period of review (within the meaning of section 155 - 35 in Schedule 1 to the Taxation Administration Act 1953 ) for that assessment has ended; and
(b) when that period of review ended, you did not hold a *
tax invoice for the creditable acquisition.