Singapore legislation

Clause 5

of Goods and Services Tax (Amendment) Bill

Clause 5

Repeal and re-enactment of section 27

Section 27 of the principal Act is repealed and the following section substituted therefor:“Importation and supply of goods by taxable persons27.—

(1)

The Minister may by regulations permit —

(a)

goods imported by any taxable person in the course or furtherance of any business carried on by him to be —

(i)

delivered or removed without payment of the tax chargeable on the importation; or

(ii)

delivered or removed, and supplied to any other person, without payment of the tax chargeable on the importation or on the supply; and

(b)

the tax chargeable on the importation to be accounted for together with the tax chargeable on the supply of goods or services by the taxable person.(2) Regulations made in relation to subsection (1)(a)(ii) may require the person to whom the goods are supplied to account for the tax on the supply to him as if he had himself imported the goods in the course or furtherance of his business, and for such tax to be accounted for together with the tax chargeable on the supply of goods or services by him.(3) Any import or supply of goods referred to subsection (1) or (2) shall be subject to such conditions or restrictions as the Comptroller may impose for the protection of revenue.”.

Read in full context — Goods and Services Tax (Amendment) Bill →