Singapore legislation

Clause 5

of Goods and Services Tax (Amendment) Bill

Clause 5

Amendment of section 12

Section 12 of the principal Act is amended by inserting, immediately after subsection (1), the following subsections:“(1A) Despite sections 11, 11A and 11B, the Comptroller may, at the request of a registered (Seventh Schedule — pay only) person, by direction in writing alter the time at which any specified supply made by the person (whether or not a Seventh Schedule supply) is to be treated as taking place, by directing that that supply be treated as taking place at the time or on the date determined by or by reference to the occurrence of some event described in the direction, whether the resulting time or date is earlier or later than the time or date that would otherwise apply.(1B) No event may be specified in the direction which results in a time or date —

(a)

that is later than the time or date that would otherwise apply; and

(b)

where the period between —

(i)

the time or date that would otherwise apply; and

(ii)

the resulting time or date,is more than that of a single prescribed accounting period applicable to the registered (Seventh Schedule — pay only) person.”.

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