Document ID: chunk:federal_register_of_legislation:F2017L00425:body:0:p2
Version: federal_register_of_legislation:F2017L00425
Segment Type: other
Provision Reference: 
Character Range: 2760–5523

equal to the amount of the consideration stated in the invoice – the amount of consideration stated in the invoice, or

              (ii)            where the consideration received is more than the amount stated in the invoice – the amount of the consideration received.

    (2)   Where, in a tax period, you make a taxable supply before you know the total consideration, and an invoice is not issued relating to the supply and:

        (a)   consideration is received for the supply in that tax period – the GST payable on the taxable supply is attributable to that tax period but only to the extent of the consideration received in that tax period, or

        (b)   no consideration is received for the supply in that tax period – none of the GST on the supply is attributable to that tax period.

    (3)   In tax periods after the tax period in which you first attributed any GST on the taxable supply, attribute GST on any increase in consideration to the earlier of the tax period (or tax periods) in which you issue an invoice (or amended invoice) for the increase in consideration or receive any of the additional consideration.

  6.     Particular attribution rule for input tax credits arising from a creditable acquisition occurring before the recipient knows the total consideration

    (1)   Where, in a tax period, you make a creditable acquisition before you know the total consideration, and an invoice is issued relating to the creditable acquisition which states an amount of consideration and you:

        (a)   do not provide any of the consideration for the acquisition in that tax period – the input tax credit for the acquisition is attributable to that tax period but only to the extent of the amount of the consideration stated on the invoice, or

        (b)   provide any of the consideration for the acquisition in that tax period – the input tax credit for the creditable acquisition is attributable to that tax period but only to the extent:

              (i)            where the consideration provided by you is less than or equal to the amount of the consideration stated in the invoice - the amount of the consideration stated in the invoice, or

              (ii)            where the consideration provided by you is more than the amount stated in the invoice - the amount of the consideration provided.

    (2)   Where, in a tax period, you make a creditable acquisition before you know the total consideration, and an invoice is not issued relating to a creditable acquisition and you:

        (a)   provide any of the consideration for the acquisition in that tax period – the input tax credit for the creditable acquisition is attributable to that tax period but only to the extent of the consideration that you