Singapore legislation
Regulation 90E
Regulation 90E
Records to be kept for claim
Subregulation 1
A claimant must keep a record of the claim made.
Subregulation 2
Except as the Comptroller may otherwise allow, the record must consist of the following information:
in respect of the reverse charge supply that is the subject of the claim —
the amount of output tax chargeable and any corresponding amount of input tax claimable;
the prescribed accounting period in which the output tax chargeable was accounted for and paid to the Comptroller, and the input tax was claimed;
the date and number of any invoice issued in relation to, or (where there is no such invoice) such information and documents necessary to identify the time, nature and supplier of, the supply made by the supplier that gave rise to the reverse charge supply; and
the amount of any payment made for the supply made by the supplier;
the amount of the outstanding consideration to which the claim relates;
the amount of the claim;
the prescribed accounting period in which the claim was made.
Subregulation 3
The records must be kept in the form of an account to be known as the “reverse charge adjustment account”.