A New Tax System (Goods and Services Tax) Regulations 2019
Chapter 4
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The special rules
Part 4-2
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Special rules mainly about supplies and acquisitions
Division 70
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Financial supplies (reduced credit acquisitions)
SECTION 70-5.02D
70-5.02D
Prohibition against claiming twice
To avoid doubt, an entity is not entitled to a reduced input tax credit under sections 70-5.02 and 70-5.02A for the same acquisition.
To avoid doubt, an entity is not entitled to a reduced input tax credit under sections 70-5.02 and 70-5.02A for the same acquisition.
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