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A New Tax System (Goods and Services Tax) Act 1999
7‑5 Net amounts7‑5 Net amounts
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7‑5 Net amounts
Amounts of GST and amounts of input tax credits are set off against each other to produce a *net amount for a tax period (which may be altered to take account of *adjustments).
For net amounts (including adjustments to net amounts), see Part 2‑4.