Document ID: chunk:federal_register_of_legislation:F2017L00425:body:0:p3
Version: federal_register_of_legislation:F2017L00425
Segment Type: other
Provision Reference: 
Character Range: 5286–6564

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 provided in that tax period, or

        (b)   provide none of the consideration for the acquisition in that tax period – none of the input tax credit for the acquisition 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.

    (4)   However, the input tax credit to which you are entitled for a creditable acquisition is attributable to the tax period in which you first know the total amount of consideration for the creditable acquisition to the extent it has not been attributed to an earlier tax period.

    (5)   To avoid doubt, this Determination is not intended to override subsection 29-10(3) of the GST Act

  7.     Definitions

   Expressions in this determination have the same meaning as in the GST Act.