A New Tax System (Goods and Services Tax) Act 1999
This Division is about your obligation to pay to the Commonwealth amounts of GST that remain after off-setting your entitlements to input tax credits. The obligation to pay arises for any of your assessed net amounts that are greater than zero.
For the penalties for failing to comply with these obligations, see the Taxation Administration Act 1953 .
Payments of GST on importations of goods are dealt with separately in section 33-15 of this Act.
For taxable supplies of new residential premises or potential residential land, section 14-250 in Schedule 1 to the Taxation Administration Act 1953 may require the recipient to pay to the Commissioner an amount representing the GST on the supply, and the supplier is then entitled to a credit for that payment under section 18-60 in that Schedule.