25 Jun 2007
CH'ELLE PROPERTIES (NZ) LTD V COMMISSIONER OF INLAND REVENUE CA CA126/04
- Citation
- openlaw-87100e46_b793_431e_8e52_592be7fc59b7.pdf
- Court
- Court of Appeal
s 76 is applied objectively; the arranged deferral of settlement for 10–20 years combined with immediate invoicing and the creation of numerous vendor companies to fall under the payment-basis threshold produced a gross mismatch between input credits and eventual output tax, defeating the GST Act's intended balance and thus triggering s 76.