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

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 137 - Stock on hand on becoming registered etc.

137-1 What this Division is about

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If you become registered or required to be registered, you may have a decreasing adjustment for stock you have already acquired.