Instalment notices for GST and PAYG instalments
You'll receive a quarterly GST or PAYG instalment notice (or both) instead of a business activity statement (BAS) if all of the following occur:
- you report and pay your GST or PAYG instalments (or both) quarterly
- you use the instalment amounts advised by us
- you have no other reporting requirements.
Your instalment notice has a GST instalment amount displayed at G21 or a PAYG instalment amount displayed at T7, or both.
If you report and pay your PAYG annually, see Introduction to annual PAYG instalments.
What to do next
To pay the total advised instalment amount, you need to:
- transfer the total instalment amount (G21 + T7) to the Amount paid section of the payment advice
- pay the amount by the due date
- keep the instalment notice for your records – don't return it to us.
If you pay the total instalment amount there is nothing else you need to do for this quarter. If you're unable to pay the advised amount by the due date, phone us on 13 28 66 to discuss your situation.
Varying your instalment amount
If you think that using the amounts shown at G21 and T7 will result in you paying more (or less) than your expected tax liability for the year, you can vary it on the instalment notice.
Another option is to pay your advised instalment amounts and then:
- make a balancing payment (or receive a refund) of GST when you lodge your Annual GST Return, or
- pay income tax (or receive a refund) when you lodge your income tax return.
GST instalment payers who register for fuel tax credits receive a quarterly activity statement to make their claim.