Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 136.1

What this Division is about

The amount of an adjustment that you have under Division 21 for a bad debt is reduced under this Division if the transaction to which the adjustment relates:

•       was a supply that was partly taxable or an acquisition that was partly creditable; or

•       was fully taxable or creditable, but not to the extent of 1 / 11 of the price or consideration for the transaction.



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