Singapore legislation
Regulation 58
Regulation 58
Statement for sale in satisfaction of debt
Where goods are deemed to be supplied by a taxable person by virtue of paragraph 6 of the Second Schedule to the Act or where goods supplied under a hire purchase agreement are repossessed and sold in or towards satisfaction of a debt, the auctioneer on a sale by auction or, where the sale is otherwise than by auction, the person selling the goods, shall, whether or not registered under the Act, within 21 days after the sale —
furnish to the Comptroller a statement showing —
his name and address and, if registered, his registration number;
the name, address and registration number of the person whose goods were sold;
the date of the sale;
the description and quantity of goods sold at each rate of tax; and
the amount for which they were sold and the amount of tax charged;
pay the amount of tax due; and
send to the person whose goods are sold a copy of the statement referred to in paragraph (a),and the auctioneer or person selling the goods, as the case may be, and the person whose goods were sold shall exclude from any return furnished under these Regulations the tax chargeable on that supply of those goods.