The document discusses the calculation of input tax credit and CGT implications. It explains the rules and provisions of GSTA, s. 7.1, ITAA97, s. 104.10, ITAA97, s. 110.25, ITAA97, s. 116.20, and ITAA97, s. 115. The document also provides an application of the rules and provisions to the case of City Sky Co and Emma. The subject is Taxation and the document type is solved assignment.