Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 159.20

             (1)  If, at the start of a tax period, you start to * account on a cash basis, then:

                     (a)  the GST payable by you on a * taxable supply that you made; or

                     (b)  the input tax credit to which you are entitled for a * creditable acquisition; or

                     (c)  an * adjustment that you have;

that was attributable to one or more previous tax periods remains attributable to those periods, and not to any other tax period.

             (2)  This section has effect despite sections 29-5, 29-10 and 29-20 (which are about attributing GST on supplies, input tax credits on acquisitions, and adjustments) and any other provisions of this Chapter.