21A When adjustments required

A registered person must, at the end of an adjustment period,—

(a)

identify the percentage actual use of the goods or services in making taxable supplies in the period; and

(b)

compare the percentage actual use with percentage intended use or previous actual use, as applicable; and

(c)

if a percentage difference arises and section 21(2)(c) or (d) does not apply, make an adjustment for any percentage difference for the adjustment period.

Section 21A: substituted, on 1 April 2011 (applying to supplies made on or after 1 April 2011), by section 15(1) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).

Section 21A(c): amended (with effect on 1 April 2011), on 2 November 2012, by section 217 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).