A New Tax System (Goods and Services Tax) Act 1999

S 17-1 substituted by No 39 of 2012, s 3 and Sch 1 item 35, applicable in relation to payments and refunds that relate to tax periods, and fuel tax return periods, starting on or after 1 July 2012; and also in relation to payments and refunds that: (a) do not relate to any tax periods or fuel tax return periods; and (b) relate to liabilities or entitlements that arose on or after 1 July 2012. S 17-1 formerly read:

17-1 What this Division is about  

A net amount is worked out for each tax period that applies to you. This is the amount payable by you to the Commonwealth, or payable to you by the Commonwealth, for the tax period.

Adjustments can be made to the net amount. Increasing adjustments increase your net amount, and decreasing adjustments decrease your net amount.

Note 1:

GST on taxable importations is not included in the net amount. It is dealt with separately under section 33-15.

Note 2:

Net amounts payable to the Commonwealth are to be paid to the Commissioner on the Commonwealth ' s behalf (see Division 33).