GST, BAS and activity statements
Instalment notice
An instalment notice is the ATO document that tells an entity the amount or rate it should report and pay for GST instalments or PAYG instalments for a period. Entities that use a notice complete only the labels on it, instead of working out those amounts from their records, which makes them simpler to lodge. The ATO issues notices automatically for eligible entities, and agents can see them in the online services for agents. An entity that expects its income or GST to differ materially can still vary the instalment. Because the notice reflects the ATO's records at the time, a practice should check that the details still match the client's current circumstances.
Sources
- Instalment notices for GST and PAYG instalments (www.ato.gov.au, checked on )
In Fedix
Related feature: Activity statement reporting
Related terms
General information, not tax advice. The rules change, so check the source page above for the current position. Fedix is developed by Tax7 R&D Pty Ltd.