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  


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  

162-105   Net amounts for GST instalment payers  

If you are a * GST instalment payer , your * net amount for an * instalment tax period is the difference between:

(a) the amount that, but for this section, would be your * net amount under section 17-5 , 123-15 or 126-5 for the instalment tax period; and

(b) the sum of all of the * GST instalments payable by you for the * GST instalment quarters of the instalment tax period.

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