Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_16:p29
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 16 (pt 29/58)
Character Range: 711355–714087

section does not apply to an *adjustment that you have in relation to a *creditable acquisition if:
 (a) the amount of the input tax credit for the acquisition is worked out under Division 131; and
 (b) the adjustment is attributable to a tax period that is not later than the tax period to which an adjustment under section 131‑55 relating to the acquisition is attributable.

Subdivision 136‑B—Bad debts relating to transactions that are taxable or creditable at less than 1/11 of the price

136‑30  Writing off bad debts (taxable supplies)
 (1) The amount of a *decreasing adjustment that you have under section 21‑5, relating to a *taxable supply that is *taxable at less than 1/11 of the price, is worked out under this section and not under section 21‑5.
 (2) This is how to work out the amount:

      Method statement
           Step 1. Work out the amount of GST (if any) that was payable on the supply, taking into account any previous *adjustments for the supply. This amount is the previous GST amount.
           Step 2. Add together:

                (a) the amount or amounts written off as bad from the debt to which the decreasing adjustment relates; and
                (b) the amount of the debt that has been *overdue for 12 months or more (other than amounts already written off).

           Step 3. Subtract the step 2 amount from the *price of the supply.
           Step 4. Work out the amount of GST (if any), taking into account any previous *adjustments for the supply (but not adjustments relating to bad debts or debts overdue), that would be payable on the supply if the *price of the supply were the step 3 amount. This amount of GST is the adjusted GST amount.
           Step 5. Subtract the adjusted GST amount from the previous GST amount.

136‑35  Recovering amounts previously written off (taxable supplies)
 (1) The amount of an *increasing adjustment that you have under section 21‑10, relating to a *taxable supply that is *taxable at less than 1/11 of the price, is worked out under this section and not under section 21‑10.
 (2) This is how to work out the amount:

      Method statement
           Step 1. Work out the amount of GST (if any) that was payable on the supply, taking into account any previous *adjustments for the supply. This amount is the previous GST amount.
           Step 2. Add together:

                (a) the amount or amounts previously written off as bad from the debt to which the increasing adjustment relates; and
                (b) the amount of the debt that has been *overdue for 12 months or more (other than amounts already written off).

           Step 3. Subtract the step 2 amount from the *price of the supply.
           Step 4. Add to the