A New Tax System (Goods and Services Tax) Act 1999
The special rules in this Part mainly modify the operation of Part 2-6 , but they may affect other Parts of Chapter 2 in minor ways.Division 151 - Annual tax periods
If an entity becomes an *incapacitated entity , or the entity for any reason ceases to exist, the entity must give the *GST return , for the *annual tax period that ends as a result, to the Commissioner:
(a) on or before the 21st day of the month following the end of the annual tax period; or
(b) within such further period as the Commissioner allows.
If the * assessed net amount for the * annual tax period is greater than zero, the entity must pay the assessed net amount to the Commissioner on or before the 21st day of the month following the end of the annual tax period.
This section has effect despite sections 151-45 (which is about when GST returns for annual tax periods must be given) and 151-50 (which is about when payments of assessed net amounts for annual tax periods must be made).
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