A New Tax System (Indirect Tax and Consequential Amendments) Act 1999 (176 of 1999)
Schedule 3 Income Tax Assessment Act 1997
Part 1 General
65 Subsection 995-1(1)
Insert:
net GST : Your net GST for a *supply, is:
(a) the *GST payable by you on the supply; plus
(b) the sum of any *increasing adjustments that you have relating to the supply; minus
(c) the sum of any *decreasing adjustments that you have relating to the supply.
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