A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 162.15 Electing to pay GST by instalments
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 162.15
Electing to pay GST by instalments(1) You may, by notifying the Commissioner in the * approved form, elect to pay GST by instalments if you are eligible under section 162 - 5.
(2) Your election takes effect from:
(a) the start of the earliest tax period for which, on the day on which you make your election, your * GST return is not yet due; or
(b) the start of such other tax period as the Commissioner allows, in accordance with a request you make in the * approved form.
Note: Refusing a request to allow your election to take effect from the
start of another tax period is a reviewable GST decision (see Subdivision
110 - F in Schedule 1 to the Taxation Administration Act 1953 ).