Payment in instalments allowed subject to interest and conditions; default accelerates the outstanding balance immediately. A taxable person may apply to the Commissioner to pay amounts due under the Act in monthly instalments; the Commissioner may allow deferred payment for reasons recorded in writing, subject to interest under section 50 and prescribed conditions, but not for liabilities self-assessed in any return. Default of any instalment causes the entire outstanding balance to become immediately due and liable for recovery without further notice.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Payment in instalments allowed subject to interest and conditions; default accelerates the outstanding balance immediately.
A taxable person may apply to the Commissioner to pay amounts due under the Act in monthly instalments; the Commissioner may allow deferred payment for reasons recorded in writing, subject to interest under section 50 and prescribed conditions, but not for liabilities self-assessed in any return. Default of any instalment causes the entire outstanding balance to become immediately due and liable for recovery without further notice.
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