Document ID: chunk:federal_register_of_legislation:C2004C01268:clause:1_29:p4
Version: federal_register_of_legislation:C2004C01268
Segment Type: clause
Provision Reference: sch 1 cl 29 (pt 4/14)
Character Range: 16467–19001

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).

162‑60  When GST returns for GST instalment payers must be given

 (1) You must give your *GST return for the *instalment tax period to the Commissioner:
 (a) if you are required under section 161 of the *ITAA 1936 to lodge a return in relation to a year of income corresponding to, or ending during, an instalment tax period applying to you—within the period, specified in the notice published in the Gazette under that section, for you to lodge as required under that section; or
 (b) if paragraph (a) does not apply—on or before the 28 February following the end of the instalment tax period.

Note: Section 388‑55 in Schedule 1 to the Taxation Administration Act 1953 allows the Commissioner to defer the time for giving the GST return.

 (2) However, in relation to an *instalment tax period that:
 (a) ends on 30 June 2001; or
 (b) would have ended on 30 June 2001 but for the application of section 27‑35;
the period referred to in paragraph (1)(a) that would otherwise end after 28 February 2002 is taken to end on that day.

Note: Under section 27‑35, the start or finish of a 3 month tax period could vary by up to 7 days from the start or finish of a normal quarter.

 (3) This section has effect despite sections 31‑8 and 31‑10 (which are about when GST returns must be given).

162‑65  The form and contents of GST returns for GST instalment payers

 (1) If you are a *GST instalment payer only for part of a *financial year, the *approved form for your *GST return for the *instalment tax period consisting of that part of the financial year may require that the return relate to:
 (a) the instalment tax period; and
 (b) the one or more preceding tax periods applying to you that fall within the financial year;
as if they are a single tax period consisting of the whole of the financial year.

 (2) This section has effect in addition to, and does not limit the scope of, section 31‑15 (which is about the form and contents of GST returns).

162‑70  Payment of GST instalments

 (1) If you are a *GST instalment payer, you must, for each *instalment tax period applying to you, pay to the Commissioner an amount (your GST instalment) for each *GST instalment quarter of the instalment