Indirect Tax Laws Amendment (Assessment) Act 2012 (39 of 2012)

Schedule 1   Assessment of amounts under indirect tax laws

Part 1   Amendments commencing on 1 July 2012

Division 3   Other amendments

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

85   Subsection 105-20(1)

Repeal the subsection, substitute:

(1) If you are not *registered or *required to be registered during a particular month, you must pay to the Commissioner:

(a) amounts of *assessed GST on *taxable supplies under section 105-5 that you make during that month; and

(b) *assessed amounts of *increasing adjustments that you have that arise, during that month, in relation to supplies that are taxable supplies under section 105-5.

(1A) You must pay each amount:

(a) on or before the later of:

(i) the 21st day after the end of the month; and

(ii) the day the Commissioner gives notice of the relevant *assessment to you under section 155-10 in Schedule 1 to the Taxation Administration Act 1953; and

(b) at the place and in the manner specified by the Commissioner.