Goods and Services Tax Advice

GSTA TPP 006W

Goods and services tax: How do I calculate the input tax credit for second-hand goods acquired on or after 1 July 2000?

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Notice of Withdrawal

Goods and Services Tax Advice GSTA TPP 006 is withdrawn with effect from today.

1. Goods and Services Advice GSTA TPP 006 states that the approach described in Division 66 of the A New Tax System (Goods and Services Tax) Act 1999 may be used to calculate input tax credits for second-hand goods acquired on or after 1 July 2000.

2. GSTA TPP 006 is withdrawn because it does not answer the question posed, is misleading and is otherwise unnecessary.

3. The Commissioner's view regarding when an acquisition of a second hand good is a creditable acquisition for the purposes of Division 66 is contained in paragraphs 12 to 18 of Goods and Services Tax Determination GSTD 2013/2.

Commissioner of Taxation
5 March 2014

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You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

Not previously issued as a draft

References

ATO references:
NO 1-55I96K4

Related Rulings/Determinations:

TR 2006/10
GSTR 2005/3
GSTA TTP 005
GSTA TTP 007
GSTA TTP 008

Subject References:
second-hand goods
input tax credits

Legislative References:
ANTS(GST)A 1999 Div 29
ANTS(GST)A 1999 Div 66
ANTS(GST)A 1999 Subdiv 66-A
ANTS(GST)A 1999 Subdiv 66-B
ANTS(GST)A 1999 66-45
TAA 1953 Sch 1 Div 358