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Mr Broad, the managing director of Modus Manufacturing Ltd, has asked why the previous behaviour reduction period for GST is only two years and yet

Mr Broad, the managing director of Modus Manufacturing Ltd, has asked why the previous behaviour reduction period for GST is only two years and yet is four years for income tax. He also asks if these reductions are always available for any shortfall penalty that may be imposed. Briefly explain to Mr Broad why there is a two and four year previous behaviour reduction for different revenues, and whether there are any exceptions to the penalty reduction always being available for a taxpayer

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