A New Tax System (Goods and Services Tax) Act 1999
An adjustment note for an * adjustment that arises from an * adjustment event relating to a * taxable supply :
(a) must be issued by the supplier of the * taxable supply in the circumstances set out in subsection (2); and
(b) must set out the * ABN of the entity that issues it; and
(c) must contain such other information as the Commissioner determines in writing; and
(d) must be in the * approved form .
However, the Commissioner may treat as an adjustment note a particular document that is not an adjustment note.
The supplier of the * taxable supply must:
(a) within 28 days after the * recipient of the supply requests the supplier to give an * adjustment note for the * adjustment relating to the supply; or
(b) if the supplier has issued a * tax invoice in relation to the supply (or the recipient has requested one) and the supplier becomes aware of the adjustment before an adjustment note is requested - within 28 days after becoming aware of that fact;
give to the recipient an * adjustment note for the * adjustment , unless any * tax invoice relating to the supply would have been a * recipient created tax invoice (in which case it must be issued by the recipient).
However, in circumstances that the Commissioner determines in writing, paragraph (2)(b) has effect as if the number of days referred to in that paragraph is the number of days specified in the determination in relation to those circumstances.
Those circumstances may, for example, include the kind of the * taxable supply .
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.