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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 162.55

Tax periods for GST instalment payers

             (1)  The tax period that applies to you, if you are a * GST instalment payer for a * financial year, is that financial year.

             (2)  The tax period that applies to you, if you are a * GST instalment payer only for part of a * financial year, is that part of that financial year.

             (3)  A tax period under this section is an instalment tax period .

             (4)  This section has effect despite sections 27-5, 27-10, 27-15 and 27-30 (which are about tax periods).



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