Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 66.1

What this Division is about

This Division allows you to claim input tax credits for your acquisitions of second - hand goods, even though GST was not payable on the supply of the goods to you. However, some limitations apply, and a form of global accounting is used for some acquisitions of second - hand goods that are divided for re - supply.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback