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
(a) your payments are too low a proportion of your annual GST liability (see
(b) your estimated annual GST amount is too low a proportion of your annual GST liability (see
(c) the varied instalment amount is too low a proportion of your estimated annual GST amount (see
Note:Division 162 - Payment of GST by instalments Subdivision 162-D - Penalty payable in certain cases if varied instalment amounts are too low 162-170 What this Subdivision is about
There are 3 circumstances where a penalty can arise if a varied instalment amount is too low:
This section is an explanatory section.