A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-4
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Special rules mainly about net amounts and adjustments
A * taxable supply is taxable at less than 1/11 of the price if the amount of GST payable on the supply is an amount that is less than 1/11 of the *price of the supply. (2)
A * creditable acquisition is creditable at less than 1/11 of the consideration if the * taxable supply to which it relates is * taxable at less than 1/11 of the price .
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 136 - Bad debts relating to transactions that are not taxable or creditable to the fullest extent
Subdivision 136-B
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Bad debts relating to transactions that are taxable or creditable at less than 1/11 of the price
136-50
Meanings of taxable at less than 1/11 of the price and creditable at less than 1/11 of the consideration
(1)
A * taxable supply is taxable at less than 1/11 of the price if the amount of GST payable on the supply is an amount that is less than 1/11 of the *price of the supply. (2)
A * creditable acquisition is creditable at less than 1/11 of the consideration if the * taxable supply to which it relates is * taxable at less than 1/11 of the price .
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