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

Chapter 2 - The basic rules  

Part 2-1 - The central provisions  

Division 7 - The central provisions  

7-15   Payments and refunds  

The amount * assessed as being the * net amount for a tax period is the amount that the entity must pay to the Commonwealth, or the Commonwealth must refund to the entity, in respect of the period.

For payments and refunds (and GST returns), see Part 2-7 .

Note 1:

For assessment of net amounts, see Division 155 in Schedule 1 to the Taxation Administration Act 1953 .

Note 2:

Refunds may be set off against your other liabilities (if any) under laws administered by the Commissioner.


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