Singapore legislation

Clause 25

Refund or remission of tax in certain cases

(1)

The Minister may by regulations provide for the refund or remission of tax chargeable on the supply of goods or services, or on the importation of goods on a claim made in cases of bad debt or insolvency or in such other circumstances and by such person or body as may be prescribed.

(2)

Without prejudice to the generality of subsection (1), such regulations may —

(a)

require a claim to be made within such time and in such form and manner as may be specified by or under the regulations;

(b)

require a claim to be evidenced and quantified by reference to such records and other documents preserved for such period, not exceeding 3 years from the making of the claim, as may be so specified;

(c)

provide for determining what amount (if any) is the outstanding amount of the consideration in particular cases including but not limited to those cases involving part payment or mutual debts;

(d)

provide for the apportionment of tax attributable to the supply of goods and services for the purposes of carrying on the business or of exempt supplies or of any other purpose;

(e)

require the repayment or recovery of a refund or remission under this section where any requirement of the regulations is not complied with or in such other circumstances as may be prescribed; and

(f)

make different provisions for different circumstances.

Read in full context — Goods And Services Tax Bill →