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A New Tax System (Goods and Services Tax) Act 1999
29‑15 Attributing the input tax credits 29‑15 Attributing the input tax credits for your creditable importations
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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.