My activity statement for July – September showed an instalment amount at G21 but I have not used Option 3 before. How was the amount at G21 calculated?
The instalment amount calculated by us is the average of your net GST amounts for quarters 2, 3 and 4 from the previous financial year adjusted to reflect expected growth in income. The adjustment is made in line with movement in Australia’s gross domestic product (GDP). The source of the GDP data is the Australian Bureau of Statistics.
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