A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 162.190 Periods for which penalty is payable
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 162.190
Periods for which penalty is payableYou are liable to pay the penalty under this Subdivision for each day in the period that:
(a) started at the beginning of the day by which the * GST instalment, for the * GST instalment quarter to which the charge relates, was due to be paid; and
(b) finishes at the end of the day before which you must, under
section 162 - 110, pay to the Commissioner your * assessed net amount
for the * instalment tax period that includes that GST instalment quarter.