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

Chapter 4 - The special rules  

Part 4-6 - Special rules mainly about tax periods  


The special rules in this Part mainly modify the operation of Part 2-6 , but they may affect other Parts of Chapter 2 in minor ways.

Division 159 - Changing your accounting basis  

159-20   Starting to account on a cash basis  

If, at the start of a tax period, you start to * account on a cash basis , then:

(a) the GST payable by you on a * taxable supply that you made; or

(b) the input tax credit to which you are entitled for a * creditable acquisition ; or

(c) an * adjustment that you have;

that was attributable to one or more previous tax periods remains attributable to those periods, and not to any other tax period.

This section has effect despite sections 29-5 , 29-10 and 29-20 (which are about attributing GST on supplies, input tax credits on acquisitions, and adjustments) and any other provisions of this Chapter.

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