A New Tax System (Goods and Services Tax) Act 1999
Note:
The special rules in this Part mainly modify the operation of Part 2-7 , but they may affect other Parts of Chapter 2 in minor ways.
Division 162 - Payment of GST by instalments Subdivision 162-C - GST instalments 162-130 What are your GST instalments (1)If you are a * GST instalment payer , your * GST instalments for the * GST instalment quarters of an * instalment tax period applying to you are worked out under subsections (2) and (3).
(2)
Your * GST instalment for the first * GST instalment quarter is whichever of the following you choose:
(a) your * notified instalment amount for the GST instalment quarter; or
(b) your * varied instalment amount for the GST instalment quarter.
(3)
Your * GST instalment for any other * GST instalment quarter is:
(a) if you have a * notified instalment amount for the GST instalment quarter - whichever of the following you choose:
(i) your notified instalment amount for the GST instalment quarter; or
(ii) your * varied instalment amount for the GST instalment quarter; or
(b) if you do not have a notified instalment amount for the GST instalment quarter - whichever of the following you choose:
(i) 25% of your * estimated annual GST amount relating to the preceding GST instalment quarter; or
(ii) your varied instalment amount for the GST instalment quarter.
Note:
Subsection 162-135(2) sets out when you will not have a notified instalment amount for a GST instalment quarter.
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