Creditable purpose - can the relationship be to past activities?
01 Jun 04 |
AUSTRALIAN GST JOURNAL
Issue: Vol 4, issue 5
Pages: pp. 131-141
In GSTD 2003/3, the Commissioner states that for a GST registered taxpayer to be entitled to input tax credits on his / her acquisitions, there needs to be a link between making the acquisition and the enterprise. This article questions whether a link between the acquisition and past activities of the enterprise is sufficient or relevant.
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Michael Evans is in his 47th year of working in the Australian taxation system. His current roles include:
• a Senior Fellow of University of Melbourne where he conducts a GST principles subject in the University’s Masters level tax courses; and
• a member of the design and examinations panel of the Taxation Institute’s CTA3 panel;
• The General Editor of the Australian GST journal.
Over recent years, has provided advice and assistance on the design and legislation of indirect taxation systems, for:
• The Australian and State Treasuries;
• The International Taxation and Investment Centre’s missions in Myanmar; and
• The Canadian Ministry of Finance
- Current at
26 April 2017