If a Body Corporate/Owners Corporation is under a substituted accounting period ending 31st July, what are the dates upon which quarterly returns must be lodged?
ATO Position A tax return is required to be lodged on or before the 21st day of the month following the end of that tax period (s. 31-10 A New Tax System (Goods and Services Tax) Act 1999 (‘the GST Act’)). The Commissioner may extend the time allowed for lodging of the returns. An entity which has a substituted accounting period for Income Tax must lodge monthly returns ( s. 27-15 of the GST Act). Subject to any extension applied for and granted by the Commissioner, returns are to be lodged within 21 days following the end of each quarter.
Related Questions
- Is a Body Corporate/Owners Corporation with an Australian Business Number (ABN) which is not registered for the Goods and Services Tax (GST) required to withhold 48.5% on invoices under $50.00?
- What are the Goods and Services Tax (GST) implications of an unregistered Body Corporate/Owners Corporation with no Australian Business Number (ABN) which deals with a supplier with no ABN?
- If a Body Corporate/Owners Corporation is under a substituted accounting period ending 31st July, what are the dates upon which quarterly returns must be lodged?
