Untitled Document
GOODS AND SERVICES TAX REGULATIONS 2014
ARRANGEMENT OF REGULATIONS
PART I
PRELIMINARY
- Citation and commencement
- Interpretation
PART II
TIME OF SUPPLY
- Goods for private or non-business use
- Transfer of land
- Supplies of telecommunication services, utilities, etc.
- Supplier's goods in possession of the recipient
- Retention payments
- Continuous supplies of services
- Supplies of goods and services between connected persons
- Supply of services where amount of consideration was not ascertainable
- Supplies in relation to construction industry
- Machines or devices operated by coins, token, etc.
- Betting and gaming supplies
- Second-hand goods
- General provision
PART III
REGISTRATION
- Application to register
- Notification of registration
- Registration of branches and divisions
- Group registration
- Late registration penalty
- Notification of the changes on particulars of registered person
PART IV
TAX INVOICE, CREDIT NOTE AND DEBIT NOTE
- Contents of tax invoice
- Self-billed invoice
- Document issued by auctioneer or seller
- Issuance of credit note and debit note
PART V
ACCOUNTING ON PAYMENT BASIS
- Interpretation
- Payment basis
- Conditions for payment basis
- Circumstances where payment basis not applicable
- Commencement and expiry of approval
- Revocation of approval
- Accounting for tax
- Change in accounting basis
PART VI
INPUT TAX AND PARTIAL EXEMPTION
- Interpretation
- Meaning of longer period
- Disallowance of input tax
- De minimis rule
- Claim for input tax
- Attribution of input tax to taxable supplies
- Treatment of input tax attributable to exempt financial supplies as being attributable to taxable supplies
- Non-applicability to certain business
- Treatment of input tax attributable to exempt supply of land for general use as being attributable to taxable supplies
- Longer period adjustment
- Adjustment of input tax over-deducted due to change of use
- Adjustment of input tax under-deducted due to change of use
- Exceptional claims for input tax
- Deemed input tax relating to insurance or takaful cash payments
- Input tax allowed on the acquisition of goods or services under Islamic financial arrangement
- Input tax allowed on the acquisition of goods or services by local authority or statutory body
PART VII
FIXED INPUT TAX RECOVERY
- Interpretation
- Eligibility for input tax allowable
- Input tax allowable
- Commencement
- Records
- Non-applicability of deduction of input tax on capital assets under Part VIII
- Non-applicability of longer period adjustment, etc.
PART VIII
ADJUSTMENTS TO THE DEDUCTION OF INPUT TAX ON CAPITAL ASSETS
- Interpretation
- Period of adjustment
- Method of adjustment
- Ascertainment of use of a capital asset in making taxable supplies
PART IX
RETURNS AND PAYMENTS
- Manner of making a return
- Manner of making a declaration
- Furnishing of return or declaration
- Statement for sale in satisfaction of debt
- Payment of tax, penalty or any charge
- Payment of tax or penalty by instalments
- Time for payment of refund
- Manner of claiming tax refund
- Correction of errors
PART X
BAD DEBT RELIEF
- Claim for bad debt relief
- Manner of claiming bad debt relief
- Manner of making repayment
- Evidence required to support claim
- Records
PART XI
RELIEF FOR SECOND-HAND GOODS
- Interpretation
- Relief for second-hand goods
- Application for relief for second-hand goods
- Variation, suspension and revocation of approval
PART XII
TOURIST REFUND SCHEME
- Interpretation
- Conditions for tax refund
- Manner of claiming tax refund
- Approved outlet
- Approved refund agent
- Goods not eligible for refund
- Offences
PART XIII
JOINT VENTURE
- Application for approval
PART XIV
APPROVED TRADER SCHEME
- Interpretation
- Application for approval
- Goods not eligible for the Approved Trader Scheme
- Variation, suspension and revocation of approval
PART XV
APPROVED TOLL MANUFACTURER SCHEME
- Application for approval
- Variation, suspension and revocation of approval
PART XVI
APPROVED JEWELLER SCHEME
- Interpretation
- Application for approval
- Issuance of tax invoice
- Variation, suspension and revocation of approval
PART XVII
FLAT RATE SCHEME
- Application for approval
- Issuance of invoice
- Flat rate addition
- Insolvency, death, bankruptcy and incapacity of approved person
- Revocation of approval
- Records
- Production of documents
PART XVIII
CAPITAL MARKETS
- Single entity registration
PART XIX
ELECTRONIC SERVICES
- Interpretation
- Use of electronic service
- Manner in using electronic services
- Termination of the provision of electronic services to the registered user
PART XX
TAX AGENT
- Eligibility for tax agent
- Application for approval
- Revocation of approval
PART XXI
ADMINISTRATION
- Goods and Services Tax Offices
- Office hours and hours of payment
PART XXII
MISCELLANEOUS MATTERS
- General penalty
- Compounding of offences
- Forms
FIRST SCHEDULE
SECOND SCHEDULE
THIRD SCHEDULE
FOURTH SCHEDULE
FIFTH SCHEDULE
Note: This list is
subject to change and will be updated from time to time.