Goods And Services Tax Bill
Table of Contents
Long Title
Enacting Formula
Part I PRELIMINARY
1 Short title and commencement
2 Interpretation
3 Meaning of "business", etc.
Part II ADMINISTRATION
4 Comptroller and other officers
5 Responsibility of Comptroller and delegation of powers
6 Official secrecy
Part III IMPOSITION AND EXTENT OF TAX
7 Goods and services tax
8 Scope of tax
9 Registration
10 Meaning of "supply"
11 Time of supply
12 Further provisions relating to time of supply
13 Place of supply
14 Reverse charge on supplies received from abroad
15 Place where supplier or recipient of services belongs
16 Rate of tax
17 Value of supply of goods or services
18 Value of imported goods
Part IV CREDIT FOR INPUT TAX AGAINST OUTPUT TAX
19 Credit for input tax against output tax
20 Amount of input tax allowable
Part V RELIEFS
21 Zero-rating for exports and international services
22 Exempt supply
23 Relief on supply of certain secondhand goods
24 Relief from tax on importation and supply of goods
25 Refund or remission of tax in certain cases
26 Application of Customs Act
27 Importation of goods by taxable persons
Part VI SPECIAL CASES
28 Application to Government
29 Insurance indemnity payments
30 Partnerships
31 Business carried on in divisions or by un-incorporated bodies, personal representatives, etc.
32 Agents
33 Transfers of going concerns
34 Betting, sweepstakes, lotteries and gaming
35 Commodity, futures or securities markets and exchanges
36 Supplies of dutiable goods in warehouse
37 Supplies spanning change of rate, etc.
38 Adjustment of contracts on changes in tax
Part VII ACCOUNTING AND ASSESSMENTS
39 Accounting for and payment of tax
40 Computer service
41 Production of tax invoices by computer
42 Giving of receipts
43 Power of Comptroller to assess tax due
44 Duty to keep records
45 Comptroller may disregard certain transactions and dispositions
46 Assessment of penal tax
Part VIII BOARD OF REVIEW
47 Application for review
48 Constitution of Board of Review
49 Right of appeal
50 Hearing and disposal of appeals
51 Hearing of appeal in absence of member of Board
52 Appeals to High Court
53 Cases stated for High Court
54 Proceedings before Board of Review and Supreme Court
55 Assessment to be final and conclusive
Part IX OFFENCES AND PENALTIES
56 General penalties
57 Penalty for incorrect return
58 Penalty for failure to pay or make returns within prescribed period
59 Penalty for failure to register
60 Penalty provisions relating to fraud, etc.
61 Fraudulently obtaining refund
62 Offences in relation to goods and invoices
63 Penalties for offences by authorised and unauthorised persons
64 Penalty for obstructing Comptroller in carrying out his duties
65 Tax to be payable notwithstanding any proceedings for penalties and penalties not part of tax
Part X PROCEEDINGS
66 Comptroller, etc., may direct prosecution
67 Sanction for prosecution
68 Saving for criminal proceedings
69 Proceedings as to evidence in legal proceedings
70 Evidence by certificate, etc.
71 Offences by bodies of persons and by agents and employees
72 Power to compound offences
73 Jurisdiction of District and Magistrate’s Courts
74 Proceedings for offences and penalties under Customs Act
Part XI COLLECTION AND ENFORCEMENT
75 Recovery of tax and penalty
76 Power to appoint agent for recovery of tax
77 Indemnification of agent
78 Power to require security and production of evidence
79 Recovery of tax from persons leaving Singapore
80 Power to take samples
81 Power of Comptroller to obtain information and furnishing of information
Part XII GENERAL PROVISIONS
82 Receipts and notices may be given by authorised officer
83 Orders and Regulations
84 Service of notices
85 Free postage
86 Remission of tax or penalty
87 Return of tax or penalty overpaid or erroneously paid
88 Transitional provisions
Explanatory Statement
Expenditure of Public Money
Table of Derivations