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-D - Penalty payable in certain cases if varied instalment amounts are too low  

162-190   Periods for which penalty is payable  

You are liable to pay the penalty under this Subdivision for each day in the period that:

(a) started at the beginning of the day by which the * GST instalment , for the * GST instalment quarter to which the charge relates, was due to be paid; and

(b) finishes at the end of the day before which you must, under section 162-110 , pay to the Commissioner your * assessed net amount for the * instalment tax period that includes that GST instalment quarter.

This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.