In forceAmended2020 Revised Edition

Contents

Goods and Services Tax Act 1993 · 2020 Revised Edition · Part 5 · Reliefs

27. Importation and supply of goods by taxable persons

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Amended

Last amended by an amending law of 2014. 3 amendments in all.

(1)

The Minister may by regulations —

(a)

in relation to goods imported by any taxable person in the course or furtherance of any business carried on by the taxable person, permit those goods 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)

in relation to goods supplied by any taxable person in the course or furtherance of any business carried on by the taxable person to another taxable person, permit those goods to be supplied without payment of the tax chargeable on the supply.

(2)

Regulations made under subsection (1) may —

(a)

provide that goods imported by a taxable person in the course or furtherance of any business carried on by the taxable person (as referred to in subsection (1)(a)) may, subject to such requirements (including conditions, whether precedent or subsequent) as may be prescribed, include —

(i)

imported goods which are consigned to the taxable person as recipient in order for the taxable person to make supplies using or in relation to those goods, other than supplies referred to in section 22; or

(ii)

goods which are imported in the circumstances referred to in section 33B;

(aa)

require a taxable person referred to in that subsection to account for the tax chargeable on the importation or supply of the goods in such form and manner and within such time as may be prescribed, even though such tax is not payable; and

(b)

where any requirement of the regulations is not complied with or in such other circumstances as may be prescribed, require the tax chargeable on the importation or supply (or an amount equivalent thereto) to be paid by a prescribed person.

(3)

The Comptroller may, for the protection of revenue, impose conditions or restrictions in relation to any import or supply of goods referred to in subsection (1).

Terms defined in this Act

business
Defined · s 3
“business” includes any trade, profession or vocation.(2) Without limiting anything else in this Act, the following are deemed to be the carrying on of a business:(a)the provision by any club, association, society, management corporation or organisation (for a subscription or other consideration) of the facilities or advantages available to its members or subsidiary proprietors, as the case may be;(b)the admission, for a consideration, of persons to any premises.(3) Where a body has objects which are in the public domain and are of a political, religious, philanthropic or patriotic nature, it is not to be treated as carrying on a business only because its members subscribe to it, if a subscription obtains no facility or advantage for the subscriber other than the right to participate in its management or receive reports on its activities.(4) Where a person, in the course or furtherance of a trade, profession or vocation, accepts any office, services supplied by the person as the holder of that office are treated as supplied in the course or furtherance of the trade, profession or vocation.(5) Anything done in connection with the termination or intended termination of a business is treated as being done in the course or furtherance of that business.(6) Subject to any order made under section 10(3), the disposition of a business as a going concern, or of its assets or liabilities (whether or not in connection with its re-organisation or winding up), is a supply made in the course or furtherance of that business.(7) In subsection (2),
Open s 3
Comptroller
Defined · s 2
“Comptroller” means the Comptroller of Goods and Services Tax appointed under section 4 and includes for all purposes of this Act, except the exercise of the powers conferred upon the Comptroller by section 5(2), a Deputy Comptroller or an Assistant Comptroller;
Open s 2
import
Defined · s 2
“import” has the meaning given by the Customs Act 1960;
Open s 2
supply
Defined · s 2
“supply” has the meaning given by section 10;
Open s 2
tax
Defined · s 2
“tax” means goods and services tax;
Open s 2
taxable person
Defined · s 2
“taxable person” has the meaning given by section 8(2);
Open s 2

Report

Read on from s 27A

Part 6

Special Cases

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Part 6A

Changes in Tax Charged

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Part 7

Accounting and Assessments

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Part 8

Board of Review

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Part 9

Offences and Penalties

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Part 10

Proceedings

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Part 11

Collection and Enforcement

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Part 12

General Provisions

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Schedules

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