Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 159.20

  (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.