I have a turnover of $2 million or less. What other criterion do I need to meet to be able to elect to use the GST instalment option?
You must have lodged activity statements covering at least four months worth of information, complied with your obligations to lodge your activity statements, not be in a net refund position and not meet your GST reporting obligations on a monthly basis. However, the Commissioner has the right to disallow your election, if he is satisfied that you have a history of failing to comply with your tax obligations. This would include failing to pay any tax liabilities on time.
