23.320   Partnerships

For GST purposes a partnership is a separate entity from the partners who make up the partnership. A partner is an associate of the partnership. As an entity for GST purposes, a partnership may register for GST and be liable for GST on taxable supplies as well as have an entitlement to input tax credits for creditable acquisitions it makes.

A partner does not carry on an enterprise as a partner in a partnership. As a result, a partner cannot register for GST purely as a result of being a partner of a partnership. Under general law however, a partnership is not recognised as an entity distinct from its partners. As a consequence of this, GST will have application to transactions between the partners and the partnership which ...

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