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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 136.5

Adjustments relating to partly taxable supplies

                   If you have an * adjustment under section 21-5, 21-10, 136-30 or 136-35 in relation to a supply that was partly a * taxable supply, the amount of that adjustment is reduced to the following amount:

where:

"full adjustment" is what would be the amount of the adjustment worked out under section 21-5, 21-10, 136-30 or 136-35 if this section did not apply.

"taxable proportion" is the proportion of the * value of the supply (worked out as if it were solely a taxable supply) that the taxable supply represents.

Example:    If the amount of an adjustment under section 21-5 would be $100 but the supply was only 80% taxable, the amount of the adjustment is $80.



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