Goods and Services Tax (General) Regulations

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3 Group registration

4 Eligibility to register as a group

5 Input tax claim by members of a group

6 Termination of group registration

7 Divisional registration

8 Cancellation of registration

9 Representation of club, association, society or organisation

10 Obligation to provide tax invoice

11 Contents of tax invoice

12 Change of rate and credit notes

13 Simplified invoices

15 Goods for private use and free supplies of services

16 Licence, tenancy and lease

17 Supplies of power, electricity, gas or water, etc.

18 Supplier’s goods in possession of buyer

19 Retention payments

20 Continuous supplies of services

21 Royalties and similar payments

22 Supplies in construction industry

24 Supplies spanning change of rate, etc.

25 Definitions and longer periods

26 Disallowance of input tax

27 Disallowance of input tax relating to motor car

29 Attribution of input tax to taxable supplies

30 Use of other methods

31 Attribution of input tax to foreign and bonded warehouse supplies

32 Attribution of input tax on self-supplies

33 Treatment of input tax attributable to exempt supplies as being attributable to taxable supplies

34 Non-applicability to certain businesses

35 Non-applicability where other exempt supplies made

36 Adjustment of attribution

37 Adjustment of input tax deducted

38 Adjustment of input tax incurred

39 Exceptional claims for tax relief

40 Input tax for local shopping and other land

41 Remission for goods lost or destroyed

42 Petroleum products removed from warehousing regime

43 Major exporter scheme

44B Eligibility for tourist refund

44C Conditions for tourist refund scheme

44D Offences relating to tourist refund

45 Furnishing of returns

46 Statement for sale in satisfaction of debt

47 Tax to be accounted for on returns and payment of tax

48 Estimation of output tax

49 Claim for input tax

50 Failure to comply with notices or submit returns

51 Time for payment of refund

52 Interest on late payment

53 Interest less than $10 not payable

54 Correction of errors

56 Cash accounting scheme

57 Admission to scheme

58 Commencement and expiry of scheme

59 Supplies before expiry

60 Insolvency of approved person

61 Death, bankruptcy, incapacity and cessation of business

62 Revocation of approval

63 Accounting while in scheme

64 Saving for Government

65 Price to include tax

67 Tax shown on receipt

68 Display of certificate, information, sign or document

70 Relief for secondhand goods

71 Application for relief

74 Making claim to Comptroller

75 Evidence required to support claim

76 Records to be kept

77 Preservation of documents and records and duty to produce

78 Attribution of payments

79 Repayment of refund

80 Writing off debts

81 Consideration of betting and gaming transactions

82 Value of betting and gaming transactions

83 Tax chargeable on betting and gaming transactions

84 Application for licence

85 Furnishing of security

86 Period of licence

87 Maintenance of warehouse

88 Types of goods stored

89 Manner of storage

90 Records, returns and permits

91 Destruction of goods

94 Acquirer of land to account for tax

94A Zero-rating of goods to be exported

Goods and Services Tax Act

(CHAPTER 117A, Sections 12(8), 19(1), (8), (9), (10), (11) and (12), 20(3), (4) and (5), 21(7), 23(1), 25(1), 27 and 30(1), 30(3) and 30(4), 32(1) and 32(2), 35, 37(3), 38(5), 39(3) and (4), 41(1), (2), (4), (5) and (6), 78(5) and 86(1))

Goods and Services Tax (General) Regulations

Rg 1

REVISED EDITION 1994

(30th March 1994)

[20th December 1993]

PART I

PRELIMINARY

Citation

1. These Regulations may be cited as the Goods and Services Tax (General) Regulations.

Definitions

2. In these Regulations, unless the context otherwise requires —

“prescribed accounting period” means such period as is prescribed in regulation 45;

“registered person” means a person registered by the Comptroller under the First Schedule to the Act;

“registered taxable person” means such a person while he is also a taxable person;

“registration number” means the number allocated by the Comptroller to a person in the certificate of registration issued to him;

“tax fraction” means the fraction calculated in accordance with the following formula:

A/100 + 4

where A is 3 or such other rate of tax as may later be specified in section 16 of the Act.

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