Document ID: chunk:federal_register_of_legislation:C2025C00126:section:7:p38
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 7 (pt 38/63)
Character Range: 335873–338510

liable for GST, or acquisitions or importations for which the parent entity is entitled to input tax credits; and
 (b) the parent entity does not have any *adjustments arising from such supplies, acquisitions and importations; and
 (c) all transfers of anything by the parent entity to any GST branch of the parent entity, that would have been supplies made to the branch if it were an entity, were supplies made by the parent entity; and
 (d) all transfers of anything by any GST branch of the parent entity to the parent entity, that would have been acquisitions made from the branch if it were an entity, were acquisitions made by the parent entity; and
 (e) all adjustments that the parent entity would have had, if the GST branches of the parent entity were entities, relating to the supplies and acquisitions the parent entity would have made as mentioned in paragraphs (c) and (d), were adjustments that the parent entity had.
 (2) However, the parent entity has no *net amount under this section if all the *enterprises that it *carries on are carried on through its *GST branches.
 (3) This section has effect despite sections 17‑5 and 17‑10 (which are about net amounts and adjustments).

54‑50  Tax invoices and adjustment notes
 (1) The *GST branch registration number of a *GST branch must be set out in:
 (a) any *tax invoice relating to a *taxable supply made through that GST branch; and
 (b) any *adjustment note for a *decreasing adjustment that arose from the occurrence of an *adjustment event relating to a *taxable supply made through that GST branch; and
 (c) any *third party adjustment note for a decreasing adjustment under section 134‑5 that relates to a taxable supply made through that GST branch.
 (2) This section has effect despite sections 29‑70 and 29‑75 (which are about tax invoices and adjustment notes), and section 134‑20 (which is about third party adjustment notes).

54‑55  GST returns relating to GST branches
 (1) An entity must, in relation to each *GST branch of the entity, give to the Commissioner a *GST return for each tax period applying to the entity.
 (3) The entity must still give a *GST return under section 31‑5, unless all the *enterprises that it *carries on are carried on through its *GST branches.
 (4) This section has effect despite section 31‑5 (which is about who must give GST returns).

54‑60  Payments of GST relating to GST branches
 (1) If an entity has a *GST branch and the *assessed net amount relating to the *GST branch for a tax period is greater than zero:
 (a) the entity must pay that assessed net amount to the Commissioner; and
 (b) Division 33 applies to