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Edited version of private ruling
Authorisation Number: 1011753603234
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Ruling
Subject: goods and services tax (GST) and annual tax periods
Question
Can you report GST annually?
Answer
No.
Relevant facts and circumstances
You are registered for GST.
You carry on an enterprise of supplying taxi travel.
Reasons for decision
Summary
You cannot report GST annually as you are required to be registered for GST.
Detailed reasoning
Subsection 151-5(1) of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act) states:
You are eligible to make an *annual tax period election if:
(a) you are not *required to be registered; and
(b) you have not made any election under section 162-15 to pay GST by instalments (other than such an election that is no longer in effect).
Subsection 144-5(1) of the GST Act states:
You are required to be registered if, in *carrying on your enterprise, you supply *taxi travel.
You carry on an enterprise of supplying taxi travel. Hence, you are required to be registered for GST. Therefore, you do not satisfy the requirement of paragraph 151-5(1)(a) of the GST Act.
As you do not satisfy all of the requirements of subsection 151-5(1) of the GST Act, you are not eligible to make an annual tax period election. Therefore, you cannot report GST annually.
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