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  

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.