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

Chapter 4 - The special rules  

Part 4-4 - Special rules mainly about net amounts and adjustments  


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 138 - Cessation of registration  

138-15   Ceasing to be registered - amounts not previously attributed  

The GST payable by you on a * taxable supply , the input tax credit to which you are entitled for a * creditable acquisition , or an * adjustment that you have, is attributable to a particular tax period, and no other, if:

(a) during the tax period, your * registration is cancelled; and

(b) immediately before the cancellation, you were * accounting on a cash basis ; and

(c) the GST on the supply, the input tax credit on the acquisition, or the adjustment, was not attributable, to any extent, to a previous tax period during which you accounted on a cash basis; and

(d) it would have been attributable to that previous tax period had you not accounted on a cash basis during that period.

For accounting on a cash basis, see Subdivision 29-B .

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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