The case in question concerned a
taxpayer that claimed it made GST-free
supplies of gold bullion and creditable
acquisitions of scrap gold between August
and November 2016 (the First Period for
which the taxpayer cross-appealed from
the initial Administrative Appeals Tribunal
(AAT) decision) and GST-free supplies by
way of export sales of scrap gold bars
between December 2016 and January
2017 (the Second Period for which the
Commissioner appealed from the decision
of the AAT). On that basis, the taxpayer
claimed it was not liable for GST on its
sales and was entitled to input tax credits
on its acquisitions.
Source: PwC
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