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If a GST amount on a previous activity statement is amended, will the quarterly GST instalment amount also be adjusted?

April 26, 2017activity Adjusted GST instalment previous quarterly

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If a GST amount on a previous activity statement is amended, will the quarterly GST instalment amount also be adjusted?

1 Answer

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10 Posted

Yes, where the net GST payable on a previous activity statement is amended, the quarterly GST instalment amount the Tax Office notifies you on the next activity statement will be adjusted to reflect this.