A New Tax System (Goods and Services Tax) Act 1999
Chapter 2
-
The basic rules
Part 2-4
-
Net amounts and adjustments
Division 19
-
Adjustment events
Subdivision 19-C
-
Adjustments for acquisitions
19-80
Increasing adjustments for acquisitions
If the * previously attributed input tax credit amount is greater than the * corrected input tax credit amount , you have an increasing adjustment equal to the difference between the previously attributed input tax credit amount and the corrected input tax credit amount.
If the * previously attributed input tax credit amount is greater than the * corrected input tax credit amount , you have an increasing adjustment equal to the difference between the previously attributed input tax credit amount and the corrected input tax credit amount.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.