Commonwealth Consolidated Acts
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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 162.1
What this Division is about
You may be able to elect to pay GST by instalments. If you do, GST returns are
given to the Commissioner annually, and quarterly instalments of GST are paid
on the basis of the Commissioner's or your estimates of what your
annual GST liability will be (followed by a reconciliation based on the annual
If you can average your income for income tax purposes, you only pay the last
2 quarterly instalments.
Note: In some cases, you
will only pay the last 2 quarterly instalments: see section 162-105.
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