The activity statement allows a business to calculate obligations, allowing a single payment or refund for each reporting/ payment period, across the taxes.

If in a quarterly reporting/ payment period, a business had:

a GST credit of $15 000 a PAYG instalment liability of $6000 a PAYG withholding liability of $1500, and an FBT liability of $1000

Would the business need to make any payments? Discuss in 30 to 50 words. (Within Australian Taxation Environment) (Please type up your answer)