Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 31.25

             (1)  You may give your * GST returns to the Commissioner by * lodging them electronically.

Note:          Section 388- 75 in Schedule 1 to the Taxation Administration Act 1953 deals with signing returns.

             (2)  However, if your * GST turnover meets the * electronic lodgment turnover threshold, you must give your * GST returns to the Commissioner by * lodging them electronically, unless the Commissioner otherwise approves.

Note 1:       A penalty applies if you fail to lodge your GST return electronically as required--see section 288-10 in Schedule 1 to the Taxation Administration Act 1953 .

Note 2:       If you lodge your GST return electronically, you must also electronically notify the Commissioner of other BAS amounts--see section 388-80 in that Schedule.

             (3)  A * GST return is lodged electronically if it is transmitted to the Commissioner in an electronic format approved by the Commissioner.

             (4)  The electronic lodgment turnover threshold is:

                     (a)  $20 million; or

                     (b)  such higher amount as the regulations specify.