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(1) A taxable person may benefit from subsection (12) of section 48 of the Act if that taxable person

(a) is in possession of an invoice or the relevant customs documentation and receipts of payments made; and

(b) produces an inventory of all goods on hand on the effective date of registration.

(2) A taxable person shall submit a claim for recovery of the tax under subsection (12) of section 48 of the Act in the form and manner determined by the Commissioner-General.