Value Added Tax Act 1998 - The Mauritius Chamber of Commerce ...

MRA The Value Added Tax Act 18
certificate of registration in a form approved by the Director-General on such terms and
conditions as he thinks fit.
(2) The Director-General shall, in the certificate of registration issued to a person
under subsection (1), specify the VAT Registration Number allocated to that person. 67*
18. Cancellation of registration
(1) Where the Director-General is satisfied that a registered person should cease
to be registered under the Act, he may, by notice in writing, require the registered person,
within 14 days of the date of the notice, to show cause why he should not cease to be
registered and if the Director-General is satisfied that, having regard to all circumstances of
the case, it is expedient to do so, he may cancel the registration with effect from such date as
the Director-General may determine and give notice thereof to the person. 68*
(2) Where the registration of a registered person is cancelled under subsection (1),
the person shall -
(a)
(b)
(c)
cease to hold himself out to be a registered person;
submit a return and pay all tax due including the tax due on any
goods forming part of the assets of the business other than those
specified in section 21 (2) (b); and 69*
immediately return to the Director-General his certificate of
registration and all its copies. 70*
PART V - RECORD AND VAT INVOICE
19. Record
(1) Every person shall, for the purposes of this Act, keep in the course of his
business, a full and true written record, whether on computer or otherwise, in the English or
French language of every transaction he makes.
(2) Every person referred to in subsection (1) who -
(a)
(b)
(c)
imports or exports goods shall keep, in respect of those goods, a copy
of his Customs declarations, either electronic through the TradeNet or
otherwise, in chronological order;
receives goods or to whom services are supplied shall keep receipts,
invoices or VAT invoices in respect of those goods or services in
chronological order they are received or supplied; and
makes supplies of goods or services shall, subject to section 20, issue
to the purchaser a receipt or invoice in respect of those goods or
services and keep legible copies thereof, either on computer or
otherwise, in chronological order,
* Please refer to endnotes at Appendix Page 18 of 107