Singapore legislation
Regulation 46I
Regulation 46I
Repayment of credit
Subregulation 1
Except as the Comptroller may otherwise allow, where —
the claimant fails to comply with the requirements of regulation 46F, 46G or 46H in relation to the claim;
the Comptroller is not satisfied that the reduction in the value of the relevant supply is correct; or
the claimant did not reimburse the customer the amount of the reduction in tax,the claimant must repay to the Comptroller the amount of the reduction or refund or both (as the case may be) obtained under regulation 46D under the claim, and the Comptroller is not required to make any further reduction or refund under the claim.
Subregulation 2
Except as the Comptroller may otherwise allow, the claimant must repay the amount by including that amount in the appropriate box on the claimant’s return for a prescribed accounting period designated by the Comptroller for that purpose.
Subregulation 3
If at the time the claimant is required to repay the amount the claimant is no longer required to make returns to the Comptroller, the claimant must repay the amount to the Comptroller in such form and manner as the Comptroller may determine.