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A New Tax System (Goods and Services Tax) Act 1999
113‑1 What this Division is about113‑1 What this Division is about
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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.