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 1993
(20th December 1993)
[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.