A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 58.55 Incapacitated entities not required to give GST returns in some cases
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 58.55
Incapacitated entities not required to give GST returns in some cases(1) An * incapacitated entity is not required to give a * GST return for a tax period if:
(a) the entity's * net amount for the tax period is zero; and
(b) the entity does not have an * increasing adjustment that is attributable to the tax period; and
(c) the entity is not liable for GST that is attributable to the tax period.
(2) This section has effect despite section 31 - 5 (which
is about who must give GST returns).