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A New Tax System (Goods and Services Tax) Act 1999
19‑75 Previously attributed input tax cr19‑75 Previously attributed input tax credit amounts
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19‑75 Previously attributed input tax credit amounts
The previously attributed input tax credit amount for an acquisition is: (a) the amount of any input tax credit that was attributable to a tax period in respect of the acquisition; minus (b) the sum of any *increasing adjustments, under this Subdivision or Division 21, 129, 131 or 134, that were previously attributable to a tax period in respect of the acquisition; plus (c) the sum of any *decreasing adjustments, under this Subdivision or Division 21, 129 or 133, that were previously attributable to a tax period in respect of the acquisition.