A New Tax System (Goods and Services Tax) Act 1999
Part 4-1 - Special rules mainly about particular ways entities are organised
Note:
The special rules in this Part mainly modify the operation of Part 2-2 so far as that Part deals with liability for GST and entitlement to input tax credits, but the special rules also affect other aspects of Part 2-2 and the other Parts of Chapter 2 .
Division 60 - Pre-establishment costs
60-10 Registration etc. not needed for input tax credits
(1)
If you make a *
pre-establishment acquisition
, the fact that you are not *
registered
or *
required to be registered
does not stop the acquisition being a *
creditable acquisition
.
(2)
If you make a *
pre-establishment importation
, the fact that you are not *
registered
or *
required to be registered
does not stop the acquisition being a *
creditable importation
.
(3)
This section has effect despite sections
11-5
and
15-5
(which are about what are creditable acquisitions and creditable importations).
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