GSTR 2013/D1 Goods and services tax: adjustment notes
19 March 2013
This draft Ruling sets out the requirements for adjustment notes under Division 29 of the A New Tax System (Goods and Services Tax) Act 1999 ( GST Act).1
2. In particular, the draft Ruling outlines:
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when a document is in the approved form for an adjustment note;
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the information requirements that the Commissioner has determined under paragraph 29-75(1)(c) and an explanation of how those information requirements in A New Tax System (Goods and Services Tax) Adjustment Note Information Requirements Determination 2012 apply;
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when the Commissioner will treat a particular document as an adjustment note even though that document does not meet all of the adjustment note requirements under subsection 29-75(1).
3. This draft Ruling also includes an appendix summarising the circumstances when a decreasing adjustment can be attributed without an adjustment note as determined by the Commissioner under subsection 29-20(3).
4. This draft Ruling does not consider third party adjustments and third party adjustment notes under Division 134.2 The draft Ruling does not consider in detail special rules in the GST Act that may be relevant to adjustment notes, including those concerning agents, insurance brokers, GST groups and GST branches. However, so as to provide additional context, these rules are referred to in the Explanation.