Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 29.80

Tax invoices and adjustment notes not required for low value transactions

             (1)  Subsections 29-10(3) and 29-70(2) do not apply to a * creditable acquisition that relates to a * taxable supply the * value of which does not exceed $50, or such higher amount as the regulations specify.

             (2)  Subsections 29-20(3) and 29-75(2) do not apply to a * decreasing adjustment of an amount that does not exceed $50, or such higher amount as the regulations specify.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback