Annotated GST Act – Chapter 4 – Part 4-6 – Special rules mainly about tax periods – Divisions 151 – 159

Division 151 – Annual tax periods

151.1   What this Division is about

Subdivision 151A – Electing to have annual tax periods

151.5   Eligibility to make annual tax period election

151.10 Making an annual tax period election

151.15 Annual tax period elections by representative members of GST groups

151.20 When you must make your annual tax period election

151.25 Duration of an annual tax period election

Subdivision 151B – Consequences of electing to have annual tax periods

151.40 Annual tax periods

151.45 When GST returns for annual tax periods must be given

151.50 When payments of assessed net amounts for annual tax periods must be made

151.55 An entity’s concluding annual tax period

151.60 The effect of incapacitation or cessation

Division 153 – Agents etc

153.1   What this Division is about

Subdivision 153A – General

153.5   Attributing the input tax credits for your creditable acquisitions

153.10 Attributing your adjustments

153.15 Tax invoices

153.20 Adjustment notes

153.25 Insurance supplied through insurance brokers

Subdivision 153B – Principals and intermediaries as separate suppliers or acquirers

153.50 Arrangements under which intermediaries are treated as suppliers and acquirers

153.55 The effect of these arrangements on supplies

153.60 The effect of these arrangements on acquisitions

153.65 Determination that supplies or acquisitions are taken to be under these arrangements

Legislative Determinations

Division 156 – Supplies and acquisitions made on a progressive or periodic basis

156.1   What this Division is about

Rulings and Determinations

GSTR 2000/35 – Austlii – Goods and services tax: Division 156 – supplies and acquisitions made on a progressive or periodic basis

156.5   Attributing the GST on progressive or periodic supplies

156.10 Attributing the input tax credits on progressive or periodic acquisitions

156.15 Progressive or periodic supplies partly connected with Australia

156.17 Application of Division 58 to progressive or periodic supplies and acquisitions

156.20 Application of Division 129 to progressive or periodic acquisitions

156.22 Leases etc treated as being on a progressive or periodic basis

156.23 Certain supplies or acquisitions under hire purchase agreements treated as not on progressive or periodic basis

156.25 Accounting on a cash basis

Division 157 – Accounting basis of charities etc

157.1   What this Division is about

157.5   Charities etc choosing to account on a cash basis

157.10 Charities etc ceasing to account on a cash basis

Division 158 – Hire purchase agreements

158.1   What this Division is about

158.5   Treat as not accounting on a cash basis

Division 159 – Changing your accounting basis

159.1   What this Division is about

159.5   Ceasing to account on a cash basis – amounts not previously attributed

159.10 Ceasing to account on a cash basis – amounts partly attributed

159.15 Ceasing to account on a cash basis – bad debts

159.20 Starting to account on a cash basis

159.25 Starting to account on a cash basis – bad debts

159.30 Entities ceasing to exist or coming into existence

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