Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 113.1

What this Division is about

A supply is not a taxable supply if:

  (a)   an amount must be withheld from payment for the supply because of section   12 - 55 in Schedule   1 to the Taxation Administration Act 1953 (about voluntary agreements to withhold); and

  (b)   the acquisition of the thing supplied would be a creditable acquisition if the supply were a taxable supply.



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