Commonwealth Consolidated Acts

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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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