A New Tax System (Goods and Services Tax) Act 1999
The net amount for a tax period applying to you is worked out using the following formula:
GST - Input tax credits
For the basic rules on what is attributable to a particular period, see Division 29 .
For further rules if you have excess GST for the period, see Division 142 .
However, the * net amount for the tax period:
(a) may be increased or decreased if you have any * adjustments for the tax period; and
(b) may be increased or decreased under Subdivision 21-A of the * Wine Tax Act ; and
(c) may be increased or decreased under Subdivision 13-A of the A New Tax System (Luxury Car Tax) Act 1999 .
Under Subdivision 21-A of the Wine Tax Act, amounts of wine tax increase the net amount, and amounts of wine tax credits reduce the net amount.
Under Subdivision 13-A of the A New Tax System (Luxury Car Tax) Act 1999 , amounts of luxury car tax increase the net amount, and luxury car tax adjustments alter the net amount.