Value Added Tax Act 1998 - The Mauritius Chamber of Commerce ...
Value Added Tax Act 1998 - The Mauritius Chamber of Commerce ...
Value Added Tax Act 1998 - The Mauritius Chamber of Commerce ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
MRA <strong>The</strong> <strong>Value</strong> <strong>Added</strong> <strong>Tax</strong> <strong>Act</strong> 94<br />
(5) No credit under subsection (3) shall be allowed, unless -<br />
(a) the person has complied with the requirements <strong>of</strong> the Sales <strong>Tax</strong><br />
<strong>Act</strong> 1982 and paid all tax due under that <strong>Act</strong>, as appropriate;<br />
(b)<br />
(c)<br />
(d)<br />
(e)<br />
the inventory referred to in subsection (2) has been submitted;<br />
the credit is exclusively in respect <strong>of</strong> sales tax paid or payable on taxable goods for resale or<br />
for manufacture <strong>of</strong> other taxable goods for sale and on capital goods, being plant, machinery<br />
or equipment <strong>of</strong> a capital nature;<br />
the sales tax on the trading stocks was paid or payable within a period not exceeding 3 months<br />
immediately preceding the appointed day; and<br />
the sales tax paid or payable is substantiated by proper invoices from registered persons under<br />
the Sales <strong>Tax</strong> <strong>Act</strong> 1982 or by Customs import declarations, either electronic or otherwise.<br />
(6) <strong>The</strong> person shall, together with the inventory referred to in subsection (2), submit a statement specifying<br />
(a) the amount <strong>of</strong> sales tax which relates to -<br />
(i)<br />
(ii)<br />
taxable goods for resale or for manufacture <strong>of</strong> other taxable goods for sale;<br />
and<br />
capital goods, being plant, machinery or equipment <strong>of</strong> a capital nature;<br />
(b)<br />
the amount <strong>of</strong> sales tax paid or payable within a period not exceeding 3 months<br />
immediately preceding the appointed day.<br />
(7) <strong>The</strong> inventory referred to in subsection (2) and the statement referred to in subsection (6) shall be duly<br />
certified by a qualified auditor.<br />
176<br />
177<br />
FA 2007 - Section 73 amended, by adding immediately by after subsection (6), subsections (7) to (13)<br />
w.e.f 01.07.07<br />
GN 97/1999 – Item 2 replaced w.e.f 01.09.99.<br />
GN 160/<strong>1998</strong> - Item 2 replaced w.e.f 07.09.98:-<br />
Wheat, and cereal flours(including wheat flour) other than flours produced in and exported from<br />
<strong>Mauritius</strong>.<br />
VAT <strong>Act</strong> <strong>1998</strong>:- Wheat; cereal flours(including wheat flour)<br />
178 FA 2006 – Item 3 deleted and replaced w.e.f 01.10.06.<br />
FA 14/2005 - Item 3 replaced w.e.f 21.04.05<br />
Bread other than bread referred to in the Bread (Control <strong>of</strong> Manufacture and Sale) Regulations 1988.<br />
VAT <strong>Act</strong> <strong>1998</strong>:- Bread<br />
179<br />
GN 113/2000 - Item 4 amended w.e.f 01.09.00.<br />
GN 97/1999 - Item 4 amended w.e.f 01.09.99.<br />
Animal or vegetable fats and oils other than edible oils.<br />
GN 160/<strong>1998</strong> – Item 4 amended w.e.f 07.09.98 :-<br />
Animal or vegetable fats and oils other than edible oils produced in and exported from <strong>Mauritius</strong><br />
VAT <strong>Act</strong> <strong>1998</strong> :- Animal or vegetable fats and oils .<br />
180<br />
181<br />
GN 97/1999 - Item 5 amended w.e.f 01.09.00.<br />
VAT <strong>Act</strong> <strong>1998</strong> :- Butter and margarine.<br />
GN 97/1999– Item 6 replaced w.e.f 01.09.99.<br />
GN 160/<strong>1998</strong> w.e.f 07.09.98 :-<br />
Page 94 <strong>of</strong> 107
Change language