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

Obligations of a Registered Person
CHAPTER TWELVE
A registered person is legally charged with certain responsibilities under the GST Act
and the Regulations. A summary of these responsibilities are:
12.1 Charging GST
A registered person is required by law, to charge GST on the taxable supplies made to
customers and to ensure that the correct rate of tax is applied to these supplies.
12.2 Tax Invoices
A registered person is required to issue a “tax invoice” when goods and services are
provided to a registered person. A registered person must issue a “sales receipt” when
goods and services are provided to an unregistered taxpayer. The registered person
should also retain original tax invoices received from suppliers as a claim for input tax
will only be allowed where a proper tax invoice is produced.
12.3 Accounting for the GST
A registered person is liable to account for the GST on all taxable supplies made,
including those taxable supplies on which no tax may have been charged.
12.4 Returns
The registered person is required to file a return by the 15th day of the month following
the end of each tax period.
12.5 Payments
Where a registered person furnishes a return showing that there is a net tax liability,
the full amount of this liability must be sent to the GST Office within 15 days of the
end of the tax period in respect of which the payment is due.
The GST Guide 39