(1) If any of the following occurs:
(a) a * GST instalment payer who is an individual dies;
(b) a GST instalment payer ceases to * carry on any * enterprise;
(c) a GST instalment payer's * registration is cancelled;
during an * instalment tax period applying to the GST instalment payer, the instalment tax period is not affected by the death, cessation or cancellation.
(2) However, any requirement to pay * GST instalments for a * GST instalment quarter of the * instalment tax period does not apply if the GST instalment quarter commences after:
(a) the death or cessation occurred; or
(b) the cancellation took effect.
(3) This section has effect despite sections 27-40 (which is about an entity's concluding tax period) and 162-70.
(4) However, this section does not affect the application of:
(a) section 27-39; or
(b) if a * GST instalment payer for any reason ceases to exist--section 27-40.