A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 (176 of 1999)

Schedule 3 Income Tax Assessment Act 1997

Insert:

net input tax credit : Your net input tax credit for an *acquisition or *importation is:

(a) the amount of any *input tax credit to which you are entitled for the acquisition or *importation; minus

(b) the sum of any *increasing adjustments that you have relating to the acquisition or *importation; plus