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

Chapter 4 - The special rules  

Part 4-1 - Special rules mainly about particular ways entities are organised  

Note:

The special rules in this Part mainly modify the operation of Part 2-2 so far as that Part deals with liability for GST and entitlement to input tax credits, but the special rules also affect other aspects of Part 2-2 and the other Parts of Chapter 2 .

Division 48 - GST groups  

Subdivision 48-B - Consequences of GST groups  

48-50   Adjustments  

(1)    


Any * adjustment that an entity has and that is attributable to a tax period during which the entity is a *member of a *GST group is to be treated as if:


(a) the entity did not have the adjustment (unless the entity is the * representative member ); and


(b) the representative member had the adjustment.


(2)    
This section has effect despite section 17-10 (which is about the effect of adjustments on net amounts).




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