43Penalty for failing to give GST return or other information

##### 43 Penalty for failing to give GST return or other information (1) You are liable to a penalty if you fail to give the Commissioner on time a GST return that you are required to give by Division 31 of the GST Act. The penalty is $10 for each week (or part of a week) in the period that: (a) starts on the day by which you must give the GST return to the Commissioner; and (b) ends on the day before you give the GST return to the Commissioner. However, the penalty for a particular GST return cannot exceed $200. (2) You are liable to a penalty if you fail to give the Commissioner on time any information (other than information you are required to give in a GST return) on a taxable supply or taxable importation that you are required to give under the GST law. The penalty is equal to double the amount of GST payable on the taxable supply or taxable importation. (3) You are liable to a penalty if: (a) you fail to give the Commissioner on time any information (other than information you are required to give in a GST return) on a creditable acquisition or a creditable importation; and (b) the net amount for the tax period concerned, worked out without knowing that information, is less than it would be if the information had been known. The penalty is equal to double the difference.