A New Tax System (Goods and Services Tax) Act 1999
The special rules in this Part mainly modify the operation of Part 2-6 , but they may affect other Parts of Chapter 2 in minor ways.Division 159 - Changing your accounting basis 159-20 Starting to account on a cash basis (1)
If, at the start of a tax period, you start to * account on a cash basis , then:
(a) the GST payable by you on a * taxable supply that you made; or
(b) the input tax credit to which you are entitled for a * creditable acquisition ; or
(c) an * adjustment that you have;
that was attributable to one or more previous tax periods remains attributable to those periods, and not to any other tax period.(2)
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.