A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 29.80 Tax invoices and adjustment notes not required for low value transactions
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 29.80
Tax invoices and adjustment notes not required for low value transactions(1) Subsections 29 - 10(3) and 29 - 70(2) do not apply to a * creditable acquisition that relates to a * taxable supply the * value of which does not exceed $50, or such higher amount as the regulations specify.
(2) Subsections 29 - 20(3) and 29 - 75(2) do not apply to
a * decreasing adjustment of an amount that does not exceed $50, or such
higher amount as the regulations specify.