Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) 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
(2) 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
(3) 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).
Note: Section 162 - 80 of the GST Act allows certain entities to pay only 2 GST instalments for a financial year .
(4) 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:
(a) ceases to be attributable to that quarter; and
(b) becomes attributable to the first quarter for which you give the Commissioner a return.
Note: See subsection 65 - 5(4) if your return 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
(5) 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, y ou must give the Commissioner a return for th at 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).
Guide to Division 47
47 - A Time limit on entitlements to fuel tax credits