You are entitled to a GST input tax credit for the GST included in the price of purchases you make for use in your business. You are not entitled to a credit to the extent you use the purchases for private purposes or, in many cases, to make input taxed supplies. You will need to have a tax invoice to claim a GST credit (except for purchases with a GST-inclusive price of A$82.50 or less, although you should have some documentary evidence to support these claims).
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Chasers Getting Result ® is a business coaching program that helps business owners
discover everything they need to know to build a successful business.
Chasers Getting Result ® is a business coaching program that helps business owners
discover everything they need to know to build a successful business.