Published on 03 Aug 07
by THE TAX INSTITUTE
A joint professional body submission sent to the ATO in relation to draft GST determination - GSTD 2007/D1 - Goods and Services Tax: is a credit card provider entitled to a reduced input tax credit under item 27 of th table in subregulation 70-5.02(2) of the A New Tax System (Goods and Services Tax) Regulations 1999 for the acquisition of services from a co-branding partner whwere it pays commission for those services?
NATIONAL INSTITUTE OF ACCOUNTANTS
TAXATION INSTITUTE OF AUSTRALIA