the gst guide.pmd - The Belize Department of General Sales Tax

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(iii) wrongfully received or seeks to recover an amount of GST. The output tax of an unregistered person will be determined on the basis of all the information available to the Commissioner. The Person is entitled to his allowable input tax, but only to the extent that he can substantiate a claim for that input tax. A registered person may also be assessed under clause (b) above. 24 The GST Guide
CHAPTER EIGHT AMMENDMENT OF AN ASSESSMENT If at some time after the Commissioner has made an assessment, new facts are discovered, the assessment may be amended. 8.1 Notices of Assessment The Commissioner must inform the person assessed in writing of the assessment, or of any amendment of the assessment. 8.2 Time Limit for Assessments The Commissioner cannot make, amend or vacate an assessment after six years from the end of the relevant tax period unless there is evidence of fraud, willful default or gross neglect. 8.3 Penalty Where an offence is committed under the GST Act and results in an assessment being made or amended, the Commissioner may charge the offender penalty of up to three times the amount of the tax assessed. Other examples of offenses that may lead to the imposition of penalty are: (1) Failure to file a return; and (2) Wrongfully seeking to recover GST. The GST Guide 25
Page 1 and 2: GST 300 The GST Guide
Page 3 and 4: 5.5 Adjustment to Output Tax ......
Page 5 and 6: INTRODUCTION This Guide to the Gene
Page 7 and 8: HOW THE GST WORKS GST charged on sa
Page 9 and 10: Importer At importation the importe
Page 11 and 12: (c) (d) (e) goods of a business tak
Page 13 and 14: 3.4 Notifications of Changes in Reg
Page 15 and 16: CHAPTER 4 CHARGING GST A registered
Page 17 and 18: (b) (c) the date of payment or the
Page 19 and 20: CHAPTER 5 ACCOUNTING FOR GST For a
Page 21 and 22: Input tax is deducted from output t
Page 23 and 24: (1) The words ‘Credit Note’ or
Page 25: CHAPTER SEVEN ASSESSMENTS 7.1 Asses
Page 29 and 30: • Cash books and other account bo
Page 31 and 32: (ii) (iii) (iv) (v) TIN and name of
Page 33 and 34: Credit/debit notes should also be m
Page 35 and 36: CHAPTER TEN IMPORTS AND EXPORTS 10.
Page 37 and 38: Obligations of a Registered Person
Page 39 and 40: Appendix 1 - Sample format of the S
Page 41 and 42: Appendix 2 - Sample format of the P

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