Singapore legislation
Regulation 89
Regulation 89
Repayment of refund
Subregulation 1
Where a claimant —
has received a refund upon a claim, or made a claim for a reduction under regulation 83(1A); and
(i)a payment for the relevant supply is subsequently received; or
a payment is, by virtue of regulation 88, treated as attributed to the relevant supply,he shall repay to the Comptroller such an amount calculated in accordance with the formulawhere Ais the amount of the refund or reduction, or the balance thereof;Bis the amount of payment so received or attributed; andCis the amount of the outstanding consideration.
Subregulation 2
The claimant shall repay to the Comptroller the amount referred to in paragraph (1) together with his tax by including that amount in the appropriate box specified for this purpose on his return for the prescribed accounting period in which the payment is received.
Subregulation 3
Except as the Comptroller may otherwise allow, where the claimant fails to comply with the requirements of regulation 85, 86, 87 or 88, he shall repay to the Comptroller the amount of the refund or reduction obtained by the claim to which the failure to comply relates; and he shall repay the amount together with his tax by including that amount in the appropriate box on his return for a prescribed accounting period which the Comptroller shall designate for that purpose.
Subregulation 4
If at the time the claimant is required to repay any amount he is no longer required to make returns to the Comptroller, he shall repay such amount to the Comptroller within one month after he receives the payment referred to in paragraph (1) and in such form and manner as the Comptroller may determine.