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-B - Consequences of electing to pay GST by instalments 162-55 Tax periods for GST instalment payers (1)The tax period that applies to you, if you are a * GST instalment payer for a * financial year , is that financial year.
(2)
The tax period that applies to you, if you are a * GST instalment payer only for part of a * financial year , is that part of that financial year.
(3)
A tax period under this section is an instalment tax period .
(4)
This section has effect despite sections 27-5 , 27-10 , 27-15 and 27-30 (which are about tax periods).
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