A New Tax System (Goods and Services Tax) Act 1999
Chapter 2
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The basic rules
Part 2-6
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Tax periods
Division 29
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What is attributable to tax periods
Subdivision 29-A
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The attribution rules
29-15
Attributing the input tax credits for your creditable importations
(1)
The input tax credit to which you are entitled for a * creditable importation is attributable to the tax period in which you pay the * assessed GST on the importation.
(2)
However, if paragraph 33-15(1)(b) applies to payment of the * assessed GST on the importation, the input tax credit is attributable to the tax period in which the liability for the GST arose.
The input tax credit to which you are entitled for a * creditable importation is attributable to the tax period in which you pay the * assessed GST on the importation.
View history note
Hide history note(2)
However, if paragraph 33-15(1)(b) applies to payment of the * assessed GST on the importation, the input tax credit is attributable to the tax period in which the liability for the GST arose.
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