A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement Determination (No. 9) 2004 - members of Custom Service Leasing Limited
Situations where a tax invoice is still Situations where a tax invoice is still required
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Situations where a tax invoice is still required
- The member will still need to obtain a tax invoice before attributing input tax credits to a tax period for a supply on the Custom Fleet Financial Statement where:
(a) the Custom Fleet Financial Statement indicates that the supply may be a mixed supply or a taxable supply where GST is not 1/11th of the price; or
(b) where there is an error on the Custom Fleet Financial Statement in relation to the supply.
Definitions
- The following expressions are defined for the purposes of this determination:
the Act means the A New Tax System (Goods and Services Tax) Act 1999.
The person(s) who uses the Fleet Card includes a partner, sole trader, director or employee of an entity.
Custom Fleet Financial Statement is a statement of liability that is issued by Custom Service Leasing Limited to one of its clients.
Fleet Card is a corporate card that is issued to and in the name of an entity and is used to purchase goods and services for commercial purposes.
Member is the registered entity that is a corporate holder of the Fleet Card.
Mixed supply is a supply of one or more taxable supplies and any one of the following supplies:
- a supply that is GST-free or input taxed;
- a supply that was made before 1 July 2000.
Other expressions in this determination have the same meaning as in the Act.
Dated this 9th day of July 2004.
Signed by Anthony Long
ASSISTANT DEPUTY COMMISSIONER OF TAXATION
Goods and Services Tax (Financial Supplies & Insurance)