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

Chapter 4 - The special rules  

Part 4-7 - Special rules mainly about returns, payments and refunds  

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  

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Subdivision 162-C - GST instalments  

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162-135   Notified instalment amounts  

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(1)    

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Your notified instalment amount for a *GST instalment quarter is the amount that is:

(a) worked out by the Commissioner; and

(b) notified by the Commissioner to you before the day on which the *GST instalment is due.

The amount must not be less than zero.

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History

S 162-135(1) amended by No 85 of 2013, s 3 and Sch 3 item 3, by inserting " The amount must not be less than zero. " at the end, applicable in relation to GST instalment quarters starting on or after 1 July 2013.

(2)    
However, the Commissioner is not to work out or notify a *notified instalment amount for a *GST instalment quarter if you had a *varied instalment amount for an earlier GST instalment quarter of the same *instalment tax period.

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History

S 162-135 inserted by No 73 of 2001, s 3 and Sch 1 item 29, applicable in relation to net amounts for tax periods starting, or that started, on or after 1 July 2000.

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