CTHIn ForceAct
A New Tax System (Goods and Services Tax) Act 1999
19‑85 Decreasing adjustments for acquisi19‑85 Decreasing adjustments for acquisitions
Start here
Get a plain-English read of 19‑85 Decreasing adjustments for acquisi
Turn the raw legal text into a practical explanation grounded in A New Tax System (Goods and Services Tax) Act 1999.
19‑85 Decreasing adjustments for acquisitions
If the *previously attributed input tax credit amount is less than the *corrected input tax credit amount, you have a decreasing adjustment equal to the difference between the corrected input tax credit amount and the previously attributed input tax credit amount.