A New Tax System (Goods and Services Tax) Act 1999
Note: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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