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http://www.ato.gov.au/businesses ... m&page=6&H6
What is an RCTI?
An RCTI is a tax invoice that is issued by the recipient of the goods and/or services rather than the supplier. RCTIs can only be issued by a recipient if:
the recipient and the supplier are both registered for GST
the sales for which the recipient can issue an RCTI are agreed to in writing by the recipient and the supplier either in a separate written agreement specifying the supplies to which each agreement relates or embedding this information or specific terms, as outlined in the legislative instrument, in the tax invoices they issue
the agreement is current and effective when the RCTI is issued
the goods or services being sold under the agreement are of the type that we have determined can be invoiced using RCTIs. |
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