Instalment taxpayers
46-5 Instalment taxpayers
If you are a *GST instalment payer, you must treat each *GST instalment quarter as if it were a *tax period.
GST instalment quarters to be treated as tax periods
For the purposes of working out under subsection 65‑5(1) which *GST instalment quarter a fuel tax credit is attributable to, you must treat each GST instalment quarter as if, in the *GST Act, the quarter were a *tax period.
Choice to give a return for first 3 quarters
You may choose whether to give the Commissioner a return for any of the first 3 *GST instalment quarters in a *financial year. If you do so, you must give the Commissioner your return on or before the day on which you are, or would be, required to pay your *GST instalment to the Commissioner for the quarter (disregarding section 162‑80 of the *GST Act).
Section 162‑80 of the GST Act allows certain entities to pay only 2 GST instalments for a financial year.
If you choose not to give a return for any of those quarters, then any fuel tax credit or *fuel tax adjustment that is attributable to that quarter:
ceases to be attributable to that quarter; and
becomes attributable to the first quarter for which you give the Commissioner a return.
See subsection 65‑5(4) if your assessment for a quarter does not include a fuel tax credit that is attributable, under this subsection, to the quarter.
Requirement to give a return for final quarter
If you have an *increasing fuel tax adjustment that is (or, under subsection (4), would be) attributable to the last *GST instalment quarter in the *financial year, you must give the Commissioner a return for that quarter on or before the day on which you are, or would be, required to pay your *GST instalment to the Commissioner for the quarter (disregarding section 162‑80 of the *GST Act).
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