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A New Tax System (Goods and Services Tax) Act 1999
75‑27 Decreasing adjustment for later pa75‑27 Decreasing adjustment for later payment of consideration
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75‑27 Decreasing adjustment for later payment of consideration
(1) You have a decreasing adjustment if: (a) section 75‑12 applied to working out the *margin for a *taxable supply of *real property that you made; and (b) after you made the supply, a further amount of the *consideration was paid for the earlier supply referred to in that section. (2) The amount of the decreasing adjustment is an amount equal to 1/11 of the further amount of the *consideration paid.