Document ID: chunk:federal_register_of_legislation:C2025C00126:section:2:p1
Version: federal_register_of_legislation:C2025C00126
Segment Type: section
Provision Reference: s 2 (pt 1/4)
Character Range: 140278–142987

2                           Resident agents acting for non‑residents     Division 57

Division 29—What is attributable to tax periods

Table of Subdivisions
29‑A The attribution rules
29‑B Accounting on a cash basis
29‑C Tax invoices and adjustment notes

29‑1  What this Division is about
       This Division tells you the tax periods to which your taxable supplies, creditable acquisitions, creditable importations and adjustments are attributable. You need to know this to work out your net amounts under Part 2‑4.
Note: This Division does not deal with your taxable importations, because they are not attributed to tax periods. See section 33‑15 for payment of assessed GST on taxable importations.

Subdivision 29‑A—The attribution rules

29‑5  Attributing the GST on your taxable supplies
 (1) The GST payable by you on a *taxable supply is attributable to:
 (a) the tax period in which any of the *consideration is received for the supply; or
 (b) if, before any of the consideration is received, an *invoice is issued relating to the supply—the tax period in which the invoice is issued.
 (2) However, if you *account on a cash basis, then:
 (a) if, in a tax period, all of the *consideration is received for a *taxable supply—GST on the supply is attributable to that tax period; or
 (b) if, in a tax period, part of the consideration is received—GST on the supply is attributable to that tax period, but only to the extent that the consideration is received in that tax period; or
 (c) if, in a tax period, none of the consideration is received—none of the GST on the supply is attributable to that tax period.

29‑10  Attributing the input tax credits for your creditable acquisitions
 (1) The input tax credit to which you are entitled for a *creditable acquisition is attributable to:
 (a) the tax period in which you provide any of the *consideration for the acquisition; or
 (b) if, before you provide any of the consideration, an *invoice is issued relating to the acquisition—the tax period in which the invoice is issued.
 (2) However, if you *account on a cash basis, then:
 (a) if, in a tax period, you provide all of the *consideration for a *creditable acquisition—the input tax credit for the acquisition is attributable to that tax period; or
 (b) if, in a tax period, you provide part of the consideration—the input tax credit for the acquisition is attributable to that tax period, but only to the extent that you provided the consideration in that tax period; or
 (c) if, in a tax period, none of the consideration is provided—none of the input tax credit for the acquisition is attributable to that tax period.
 (3) If you do not hold a *tax invoice for a *creditable acquisition