Malaysia legislation

Section 42

of GOODS AND SERVICES TAX ACT 2014

Section 42

(a)

account for the tax in a declaration as may be prescribed and the declaration shall be furnished to the Director

General; and

(b)

pay to the Director General the amount of tax due and payable by him, not later than the last day of the subsequent month from the month in which the supply is made or treated as taken place or payment is received under those provisions.

(2)

Any person who contravenes subsection (1) in respect of paragraph (a) commits an offence.

(3)

Any person who contravenes subsection (1) in respect of paragraph (b) commits an offence and shall, on conviction, be liable to a fine not exceeding fifty thousand ringgit or to imprisonment for a term not exceeding three years or to both.

Act 762 BI Teks 1.indd 58 6/19/14 5:56:13 PM

Goods and Services Tax 59

Power to assess

Read in full context — GOODS AND SERVICES TAX ACT 2014 →