Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 19.75

    The previously attributed input tax credit amount for an acquisition is:

  (a)   the amount of any input tax credit that was attributable to a tax period in respect of the acquisition; minus

  (b)   the sum of any * increasing adjustments, under this Subdivision or Division   21, 129, 131 or 134, that were previously attributable to a tax period in respect of the acquisition; plus

  (c)   the sum of any * decreasing adjustments, under this Subdivision or Division   21, 129 or 133, that were previously attributable to a tax period in respect of the acquisition.