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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 48.50 Adjustments

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 48.50

Adjustments

  (1)   Any * adjustment that an entity has and that is attributable to a tax period during which the entity is a * member of a * GST group is to be treated as if:

  (a)   the entity did not have the adjustment (unless the entity is the * representative member); and

  (b)   the representative member had the adjustment.

  (2)   This section has effect despite section   17 - 10 (which is about the effect of adjustments on net amounts).

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