Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p16
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 16/37)
Character Range: 432609–435302

non‑cash benefit relates to a supply that has been made through an agent—when the non‑cash benefit is provided:
 (i) you have been given an invoice or some other document that relates to the non‑cash benefit that purports to quote the agent's ABN; and
 (ii) the agent does not have an ABN, or the invoice or other document does not in fact quote the agent's ABN; and
 (iii) you have no reasonable grounds to believe that the agent does not have an ABN, or that the invoice or other document does not quote the agent's ABN.

Exception—voluntarily tell the Commissioner about a mistake
 (7) Subsection (1) does not apply if, before the Commissioner tells you that an examination is to be made of your affairs relating to a *taxation law for a relevant period, you voluntarily tell the Commissioner, in the *approved form, that you have failed to:
 (a) withhold an amount; or
 (b) comply with section 16‑150 or 389‑5 (as the case requires) in Schedule 1 to the Taxation Administration Act 1953 in relation to the amount.
 (8) Subsection (2) does not apply if, before the Commissioner tells you that an examination is to be made of your affairs relating to a *taxation law for a relevant period, you voluntarily tell the Commissioner, in the *approved form, that you have failed to comply with section 16‑150 in Schedule 1 to the Taxation Administration Act 1953 in relation to the amount.

Division 27—Effect of input tax credits etc. on deductions

Table of Subdivisions
 Guide to Division 27
27‑A General
27‑B Effect of input tax credits etc. on capital allowances

Guide to Division 27

27‑1  What this Division is about
      This Division sets out the effect of the GST in working out deductions. Generally speaking, input tax credits, GST and adjustments under the GST Act are disregarded.

Subdivision 27‑A—General

Table of sections
27‑5 Input tax credits and decreasing adjustments
27‑10 Certain increasing adjustments
27‑15 GST payments
27‑20 Elements in calculation of amounts
27‑25 GST groups and GST joint ventures
27‑35 Certain sections not to apply to certain assets or expenditure

27‑5  Input tax credits and decreasing adjustments
  You cannot deduct under this Act a loss or outgoing you incur, to the extent that the loss or outgoing includes an amount relating to an *input tax credit to which you are entitled or a *decreasing adjustment that you have.

27‑10  Certain increasing adjustments
 (1) You can deduct an amount of an *increasing adjustment that arises under Division 129 of the *GST Act.
 (2) However, you cannot deduct the amount to the extent (if any) that the adjustment arises from an increase in the extent to which the activity giving rise to the adjustment