A New Tax System (Goods and Services Tax) Act 1999
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 129 - Changes in the extent of creditable purpose Subdivision 129-D - Amounts of adjustments for acquisitions and importations 129-75 The amount of a decreasing adjustmentThe amount of a * decreasing adjustment that you have under Step 4 of the Method statement in section 129-40 for the thing acquired or imported is worked out as follows:
![Formula](/law/view/sgif/cch-leg2/formula_13517364.gif)
where:
full input tax credit
is the amount of the input tax credit to which you would have been entitled for acquiring or importing the thing for the purpose of your *
enterprise
if:
(a) the acquisition or importation had been solely for a * creditable purpose ; and
(b) in the case where the supply to you was a * taxable supply because of section 72-5 or 84-5 - the supply had been or is a * taxable supply under section 9-5 .
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