sch.6-sec.52Input tax credits and GST

### sch.6-sec.52 Input tax credits and GST The reasonable cost the consumer is entitled to claim for the work— must be reduced by the amount of any input tax credits the commission is satisfied the consumer is entitled to claim in relation to the work for which the reasonable costs are claimed; and does not include any GST payable for a supply made, or that may be made, by the consumer. In being satisfied under subsection (1) (a) , the commission may have regard to any matter the commission considers relevant in deciding whether the work for which the reasonable costs are claimed will relate to a taxable supply or an input taxed supply, including, for example— whether the consumer is registered for GST; and the enterprise carried on by the consumer; and the way in which the consumer is likely to deal with the residential construction work. In this section— enterprise see the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth) , section 9 -20 input tax credit see the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth) , section 195 -1 input taxed supply means a supply that is input taxed under the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth) . registered , for GST, means registered under the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth) . taxable supply see the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth) , section 9 -5 (sch.6-sec.52-ssec.1) The reasonable cost the consumer is entitled to claim for the work— must be reduced by the amount of any input tax credits the commission is satisfied the consumer is entitled to claim in relation to the work for which the reasonable costs are claimed; and does not include any GST payable for a supply made, or that may be made, by the consumer. (sch.6-sec.52-ssec.2) In being satisfied under subsection (1) (a) , the commission may have regard to any matter the commission considers relevant in deciding whether the work for which the reasonable costs are claimed will relate to a taxable supply or an input taxed supply, including, for example— whether the consumer is registered for GST; and the enterprise carried on by the consumer; and the way in which the consumer is likely to deal with the residential construction work. (sch.6-sec.52-ssec.3) In this section— enterprise see the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth) , section 9 -20 input tax credit see the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth) , section 195 -1 input taxed supply means a supply that is input taxed under the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth) . registered , for GST, means registered under the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth) . taxable supply see the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth) , section 9 -5 - (a) must be reduced by the amount of any input tax credits the commission is satisfied the consumer is entitled to claim in relation to the work for which the reasonable costs are claimed; and - (b) does not include any GST payable for a supply made, or that may be made, by the consumer. - (a) whether the consumer is registered for GST; and - (b) the enterprise carried on by the consumer; and - (c) the way in which the consumer is likely to deal with the residential construction work.