Which of the following statements regarding GST instalments is incorrect? A)GST instalment payments are due...

90.2K

Verified Solution

Question

Accounting

Which of the following statements regarding GST instalments is incorrect?

A)GST instalment payments are due on Mar 15, June 15, September 15 and December 15

B)An annual filer will have to make instalments if the amount owing for the previous year was $3,000 or higher

C)Interest will be assessed on late or deficient instalments

D)Instalment payments are not required for monthly or quarterly filers

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students