Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 136.1

What this Division is about

The amount of an adjustment that you have under Division   21 for a bad debt is reduced under this Division if the transaction to which the adjustment relates:

  was a supply that was partly taxable or an acquisition that was partly creditable; or

  was fully taxable or creditable, but not to the extent of 1 / 11 of the price or consideration for the transaction.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback