A New Tax System (Goods and Services Tax) Act 1999
51‑35 Who is entitled to input tax credi51‑35 Who is entitled to input tax credits
Start here
Get a plain-English read of 51‑35 Who is entitled to input tax credi
Turn the raw legal text into a practical explanation grounded in A New Tax System (Goods and Services Tax) Act 1999.
51‑35 Who is entitled to input tax credits
(1) If the *joint venture operator of a *GST joint venture makes a *creditable acquisition or *creditable importation, on behalf of another entity that is a *participant in the joint venture, in the course of activities for which the joint venture was entered into: (a) the *joint venture operator is entitled to the input tax credit for the acquisition or importation; and (b) the participant is not entitled to the input tax credit on the acquisition or importation. (2) This section has effect despite sections 11‑20 and 15‑15 (which are about who is entitled to input tax credits).