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A New Tax System (Goods and Services Tax) Act 1999
72‑50 Attributing the input tax credit t72‑50 Attributing the input tax credit to tax periods
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72‑50 Attributing the input tax credit to tax periods
(1) The tax period to which the input tax credit for a *creditable acquisition from your *associate without *consideration is attributable is the tax period in which the supply to which the acquisition relates first becomes a supply that is *connected with the indirect tax zone. (2) This section has effect despite section 29‑10 (which is about attributing input tax credits for creditable acquisitions).