Search within Legislation

Search Results

No. S 646

Goods and Services Tax Act

(Chapter 117A)

Goods and Services Tax (General) (Amendment) Regulations 2005

In exercise of the powers conferred under section 86(1) 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) Regulations 2005 and shall come into operation on 7th October 2005.

Amendment of regulation 10

2. Regulation 10 of the Goods and Services Tax (General) Regulations (Rg 1) (referred to in these Regulations as the principal Regulations) is amended by deleting paragraph (2) and substituting the following paragraph:

“(2) The particulars of the tax chargeable on a supply of goods described in paragraph 6 of the Second Schedule to the Act shall be provided —

(a)	where the supply is a sale by auction, by the auctioneer;
(b)	where the supply is a sale otherwise than by auction, by the person selling the goods; or
(c)	where the supply is a supply otherwise than by way of sale, by the person making the supply,

on a document containing the particulars prescribed in regulation 11 (1).”.

New regulation 58A

3. The principal Regulations are amended by inserting, immediately after regulation 58, the following regulation:

“Statement for supply (other than by way of sale) in satis faction of debt

58A. Where a person has by virtue of paragraph 6 of the Second Schedule to the Act made a supply (other than a supply by way of sale) of goods of a taxable person in satisfaction of a debt, he shall, whether or not registered under the Act, within 21 days from the end of the prescribed accounting period of the taxable person in which the supply is made —

(a)

furnish to the Comptroller a statement showing —

(i)	his name and address and, if registered, his registration number;
(ii)	the name, address and registration number of the taxable person;
(iii)	the relevant prescribed accounting period of the taxable person; and
(iv)	a description of the supply, the value of the supply, and the rate and amount of tax chargeable on the supply;

(b)

pay the amount of tax due when he furnishes the statement referred to in paragraph (a) to the Comptroller; and

(c)

send to the taxable person a copy of the statement referred to in paragraph (a),

and the person making the supply, and the taxable person whose goods are being supplied, shall exclude from any return furnished under these Regulations the tax chargeable on the supply.”.

Amendment of regulation 108

4. Regulation 108 of the principal Regulations is amended by inserting, immediately after “58,”, “58A,”.

[G.N. Nos. S 261/2002; S427/2002; S 648/2002; S 182/2003; S 316/2003 S 627/2003; S 237/2004; S 728/2004; S 729/2004]

Made this 4th day of October 2005.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF (R) R60.1.1 Vol. 32; AG/LEG/SL/117A/2002/2 Vol. 2]

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