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Creditable purpose - can the relationship be to past activities?

Publication date: 01 Jun 04 | Source: AUSTRALIAN GST JOURNAL

Issue: Vol 4, issue 5

Pages: pp. 131-141

Abstract:
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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Author profile

Michael Evans CTA
Photo of author, Michael EVANS 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
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