gibberish
Read this -
"Supply"
:: does not include a supply of money unless the money is provided as consideration for a supply that is a supply of money. (s9-10(4)) of GST Act.
also this -
Claiming input tax credits
s29-10(3) If you do not hold a tax invoice for a creditable acquisition when you give to the Commissioner a GST return for the tax period to which the input tax credit ... on the acquisition would otherwise be attributable:
(a) the input tax credit ... is not attributable to that tax period; and
(b) the input tax credit ... is attributable to the first tax period for which you give to the Commissioner a GST return at a time when you hold that tax invoice.
gibberish? thats what I had in Taxation Law lecture today.
btw the above simply means "you must have the tax invoice on hand when you file the return. Else just don't include it!".. lecturer's comment - "we can be sure whoever wrote this doesn't have English as his/her first language"
can't they just use plain simple English?? There's 3 books for this unit (case book, text book, study guide). total of at least 5000 pages o_O
"Supply"
:: does not include a supply of money unless the money is provided as consideration for a supply that is a supply of money. (s9-10(4)) of GST Act.
also this -
Claiming input tax credits
s29-10(3) If you do not hold a tax invoice for a creditable acquisition when you give to the Commissioner a GST return for the tax period to which the input tax credit ... on the acquisition would otherwise be attributable:
(a) the input tax credit ... is not attributable to that tax period; and
(b) the input tax credit ... is attributable to the first tax period for which you give to the Commissioner a GST return at a time when you hold that tax invoice.
gibberish? thats what I had in Taxation Law lecture today.
btw the above simply means "you must have the tax invoice on hand when you file the return. Else just don't include it!".. lecturer's comment - "we can be sure whoever wrote this doesn't have English as his/her first language"
can't they just use plain simple English?? There's 3 books for this unit (case book, text book, study guide). total of at least 5000 pages o_O
posted by xaverri at 8:49 pm
3 Comments:
hey, are u at Caulfield campus? I wanna sell my taxation law books.. can you help me ask around to see if anyone wanna buy? tqtq ;D all of latest edition :P
btw.. so fast u learn supply already? meaning.. u are doing GST first? ours was left to the last topic if i am not mistaken..
jean: yes! GST in lec2. hehhe you can give me some tips!
David: yupp its on. I totally thought it was next week..are u coming?
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