A New Tax System (Goods and Services Tax) Act. Australia

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СКАЧАТЬ *adjustments that are attributable to a tax period applying to you, alter your *net amount for the period as follows:

      (a) add to the amount worked out under subsection 17-5(1) for the period the sum of all the *increasing adjustments (if any) that are attributable to the period;

      (b) subtract from that amount the sum of all the *decreasing adjustments (if any) that are attributable to the period.

      For the basic rules on what adjustments are attributable to a particular period, see Division 29.

      17–15 Working out net amounts using approved forms

      (1) You may choose to work out your *net amount for a tax period in the way specified in an *approved form if you use the form to notify the Commissioner of that net amount. The amount so worked out is treated as your net amount for the tax period.

      Note: Choosing to use section 17-5 to work out your net amount does not mean your GST return is not in the approved form: see subsection 31–15(3).

      (2) This section has effect despite section 17-5.

      17–20 Determinations relating to how to work out net amounts

      (1) The Commissioner may make a determination that, in the circumstances specified in the determination, a *net amount for a tax period may be worked out to take account of other matters in the way specified in the determination.

      (2) The matters must relate to correction of errors made in working out *net amounts for the immediately preceding tax period.

      (3) If those circumstances apply in relation to a tax period applying to you, you may work out your *net amount for the tax period in that way.

      17–99 Special rules relating to net amounts or adjustments

      Chapter 4 contains special rules relating to net amounts or adjustments, as follows:

      Checklist of special rules

      Item

      For this case…

      See:

      1A

      Annual apportionment of creditable purpose

      Division 131

      1

      Anti-avoidance

      Division 165

      2

      Cessation of registration

      Division 138

      3

      Changes in the extent of creditable purpose

      Division 129

      4

      Company amalgamations

      Division 90

      4AA

      Compulsory third party schemes

      Division 79

      4A

      Distributions from deceased estates

      Division 139

      5

      Gambling

      Division 126

      5A

      Goods applied solely to private or domestic use

      Division 130

      6

      GST branches

      Division 54

      7

      GST groups

      Division 48

      8

      GST joint ventures

      Division 51

      8A

      GST religious groups

      Division 49

      9

      Insurance

      Division 78

      9AA

      Non-deductible expenses

      Division 69

      9A

      Non-profit sub-entities

      Division 63

      9B

      Payment of GST by instalments

      Division 162

      9C

      Providing additional consideration under gross-up clauses

      Division 133

      10

      Representatives of incapacitated entities

      Division 58

      11

      Resident agents acting for non-residents

      Division 57

      11A

      Sale of freehold interests etc.

      Division 75

      12

      Second-hand goods

      Division 66

      12AA

      Settlement sharing arrangements

      Division 80

      12A

      Simplified accounting methods for retailers and small enterprise entities

      Division 123

      12B

      Stock on hand on becoming registered etc.

      Division 137

      13

      Supplies in satisfaction of debts

      Division 105

      14

      Supplies of going concerns

      Division СКАЧАТЬ