Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is included in the denominator for the second limb calculation in paragraphs 189-5(1)(b) and 189-10(1)(b)?

April 26, 2017calculation denominator included Limb paragraphs

0

Posted

What is included in the denominator for the second limb calculation in paragraphs 189-5(1)(b) and 189-10(1)(b)?

1 Answer

0

Posted

The denominator used for the calculation of the tests imposed in paragraphs 189-5(1)(b) and 189-10(1)(b) of GST Act includes all input tax credits relating to creditable acquisitions, creditable importations and financial acquisitions.