A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
-
The special rules
Part 4-4
-
Special rules mainly about net amounts and adjustments
131-1
What this Division is about
Note:
The special rules in this Part mainly modify the operation of Part 2-4 , but they may affect other Parts of Chapter 2 in minor ways.
Division 131 - Annual apportionment of creditable purpose
View history note
Hide history noteIn some cases, you may be able to claim a full input tax credit for acquisitions that are only partly for a creditable purpose. You will then have an increasing adjustment for a later tax period (that better matches your obligation to lodge an income tax return).
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.