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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 146.25 Limited registration entities have only quarterly tax periods

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 146.25

Limited registration entities have only quarterly tax periods

  (1)   If you are a * limited registration entity, you cannot make an election under section   27 - 10, and the Commissioner cannot determine your tax periods under section   27 - 15 or 27 - 37.

Note:   Sections   27 - 10 and 27 - 15 provide for each individual month to be a tax period. Section   27 - 37 provides for 12 complete tax periods in each year.

  (2)   An election by you under section   27 - 10 or a determination under section   27 - 15 or 27 - 37 in relation to you is taken not to be in force at any time during which you are a * limited registration entity.

  (3)   This section has effect despite sections   27 - 10, 27 - 15 and 27 - 37 (which are about one month tax periods).

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