A New Tax System (Goods and Services Tax) Act 1999
Note:Division 162 - Payment of GST by instalments Subdivision 162-B - Consequences of electing to pay GST by instalments 162-90 The effect of incapacitation or cessation (1)
If a *GST instalment payer becomes an *incapacitated entity , or for any reason ceases to exist, the GST instalment payer must give the *GST return , for the *instalment 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 instalment tax period; or
(b) within such further period as the Commissioner allows.
If the * assessed net amount for the *instalment tax period is greater than zero, the *GST instalment payer must pay the assessed net amount to the Commissioner on or before the 21st day of the month following the end of the instalment tax period.
This section has effect despite sections 162-60 (which is about when GST instalment payers must give GST returns) and 162-110 (which is about when GST instalment payers must pay assessed net amounts).
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