(1) 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.
(2) 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.
(3) 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).
Table of Subdivisions
153-B Principals and intermediaries as separate suppliers or acquirers