Goods and Services Tax (General) (Amendment No. 3) Regulations 2002

Status:

Published in Subsidiary Legislation Supplement
on 23 Dec 2002

No. S 648

Goods and Services Tax Act

(Chapter 117A)

Goods and Services Tax (General) (Amendment No. 3) Regulations 2002

In exercise of the powers conferred by sections 39 (4) and 41 of the Goods and Services Tax Act, the Minister for Finance hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Goods and Services Tax (General) (Amendment No. 3) Regulations 2002 and shall come into operation on 1st January 2003.

Amendment of regulation 12

2. The Goods and Services Tax (General) Regulations (Rg 1) are amended —

(a)

by inserting, immediately after the word “change” in the 6th line of regulation 12, the words “or within such longer period as the Comptroller may allow”; and

(b)

by renumbering regulation 12 as paragraph (1) of that regulation, and by inserting immediately thereafter the following paragraph:

“(2) Where a tax invoice ceases to have effect under section 39(2B) or (2F) of the Act, the person making the supply shall, within 14 days of such change or within such longer period as the Comptroller may allow, provide the person to whom the supply was made with a credit note so headed, and containing —

(a)	the particulars specified in paragraph (1); and
(b)	the amount in respect of which the invoice ceased to have effect under section 39(2B) or (2F) of the Act, as the case may be.”.

Amendment of regulation 108

3. Regulation 108 of the Goods and Services Tax (General) Regulations is amended by deleting “47” in the 2nd line and substituting “48”.

[G.N. Nos. S 261/2002; S427/2002]

Made this 18th day of December 2002.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R) R60.1.0013 Vol. 19; AG/LEG/SL/117A/2002/2 Vol. 1]

(To be presented to Parliament under section 86(2) of the Goods and Services Tax Act).

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