A New Tax System (Goods and Services Tax) Act 1999

Chapter 4 - The special rules  

Part 4-4 - Special rules mainly about net amounts and adjustments  

Note:

The special rules in this Part mainly modify the operation of Part 2-4 , but they may affect other Parts of Chapter 2 in minor ways.

Division 132 - Supplies of things acquired etc. without full input tax credits  

132-10   Attribution of adjustments under this Division  

(1)  
A * decreasing adjustment under this Division is attributable to:


(a) the same tax period as the * taxable supply to which it relates; or


(b) if it relates to a supply that is not a taxable supply - the tax period to which the supply would be attributable if it were a taxable supply.

(2)  
This section has effect despite section 29-20 (which is about attributing your adjustments).




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