What sort of form will I receive if I am a two-instalment payer for GST?
You will receive an activity statement appropriate to your circumstances. Where you are a two-instalment payer your first quarter activity statement will show that you are eligible at label G21. No amount will be displayed at G21 for the first two quarters on the financial year. On the third quarter activity statement the amount shown at label G21 will be 75% of your net annual GST amount. The fourth quarter activity statement will show the remaining 25% of your net annual GST amount at label G21.
