Singapore legislation

Clause 10

of Goods and Services Tax (Amendment) Bill

Clause 10

Amendment of Second Schedule

The Second Schedule to the principal Act is amended by inserting, immediately after paragraph 8, the following paragraph:“9. In paragraphs 5 and 7 —

(a)

a reference to a person carrying on a business includes a reference to any persons or person, as the case may be, carrying on a business for which a bare trustee holds any goods; and

(b)

a reference to goods forming part of the assets of the business carried on by a person includes a reference to goods held by a bare trustee for the business of the persons or person, as the case may be.”.

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