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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 136.50
Meanings of taxable at less than 1/11 of the price and creditable at less than 1/11 of the consideration
(1) A
* taxable supply is taxable at less than
1 / 11 of the price if the amount of GST payable on the supply is an amount
that is less than
1 / 11 of the * price of the supply.
(2) A
* creditable acquisition is creditable at less than
1 / 11 of the consideration if the
* taxable supply to which it relates is * taxable at less than 1 / 11 of the
price.
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