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Income Tax Assessment Act 1997
17‑5 GST and increasing adjustments17‑5 GST and increasing adjustments
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#### 17‑5 GST and increasing adjustments
An amount is not assessable income, and is not \*exempt income, to the extent that it includes an amount relating to:
(a) \*GST payable on a \*taxable supply; or
(b) an \*increasing adjustment that relates to a \*supply; or
(c) an \*increasing adjustment that:
(i) relates to an \*acquisition; and
(ii) arises in circumstances that also give rise to a \*recoupment that is included in assessable income.