A New Tax System (Goods and Services Tax) Act 1999
Chapter 2
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The basic rules
Part 2-4
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Net amounts and adjustments
Division 19
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Adjustment events
Subdivision 19-C
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Adjustments for acquisitions
19-75
Previously attributed input tax credit amounts
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.
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.
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