INCOME TAX ASSESSMENT ACT 1997 - SECT 17.5 GST and increasing adjustments
INCOME TAX ASSESSMENT ACT 1997 - SECT 17.5
GST and increasing adjustmentsAn 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.