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Australian GST Answers

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06

Can I get GST credits for my purchases?

You will be entitled to GST credits on inputs that you purchase in the course of your business unless you sell input taxed goods or services. That is, if you purchase inputs solely for business purposes, you will be entitled to a GST credit for the full amount of the GST paid on the input (1/11th of the price).

If you purchase an input partly for business purposes and partly for private use, or for use in selling input taxed goods and services, you can only obtain a GST credit for the portion that relates to business use. You should review all purchases of inputs to determine whether the inputs are purchased solely for business purposes. Your entitlement to GST credits is reduced where the input is purchased and used partly for non-business purposes or for selling input taxed goods or services.