An entity must keep records that record and explain transactions and acts relevant to a taxable supply, taxable importation, creditable acquisition or creditable importation, a GST-free or input taxed supply, a wine taxable dealing or wine tax credit entitlement, a luxury car taxable supply or importation, or a fuel tax credit entitlement, and retain those records for at least 5 years after the transactions or acts to which they relate (s 382-5(1), (2)). An entity that makes an election, choice, estimate, determination or calculation under an indirect tax law must keep records of it and the basis and method used, retained for at least 5 years after the election etc. ceased to have effect or was made (s 382-5(4)).
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.