Singapore legislation
Regulation 12
Regulation 12
Change of rate and credit notes
Subregulation 1
Where there is a change mentioned in paragraph (a), (b), (c) or (d) of the definition of “specified change” in section 39(1) of the Act, and a tax invoice which relates to a supply in respect of which an election is made under section 39B of the Act was issued before the election was made, the person making the supply shall, within 14 days after any such change or within such longer period as the Comptroller may allow, provide the person to whom the supply was made with a credit note so headed and containing the following particulars:
the identifying number and date of issue of the credit note;
the name, address and registration number of the supplier;
the name and address of the person to whom the supply is made;
the identifying number and date of issue of the tax invoice;
a description sufficient to identify the goods or services supplied; and
the amount being credited in respect of tax.
Subregulation 2
Where a tax invoice ceases to have effect under section 39D(1) of the Act, the person making the supply shall, within 14 days after such change or within such longer period as the Comptroller may allow, provide the person to whom the supply was made with a credit note so headed, and containing —
the particulars specified in paragraph (1); and
the amount in respect of which the invoice ceased to have effect under section 39D(1) of the Act.
Subregulation 3
The Comptroller may waive the requirement of a credit note under paragraph (1) or (2) (as the case may be), subject to any conditions that the Comptroller thinks fit.