Sales Tax Act 2018 · Updated to 1 Jan 2025 · Part VI · Exemption, Refund, Drawback, Remission and Deduction
37. Repayment of sales tax in relation to bad debt
Feedback & supportWhere a refund of sales tax has been made under section 36 by the Director General to the person referred to in subsection 36(1) and any payment in respect of the sale of taxable goods for which the sales tax is payable is subsequently received by the person, the person shall repay to the Director General an amount calculated in accordance with the following formula:
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A x C
B where
A is the payment received in respect of the sale of such taxable goods;
sale
“sale” includes barter, disposal of goods with a right of purchase or on terms providing that the seller retains an interest in the goods, and delivery of goods under any conditions as to future payment;
B is the sale value of such taxable goods plus sales tax payable on such taxable goods; and
taxable goods
“taxable goods” means goods of a class or kind not exempted from sales tax;
C is the sales tax payable on such taxable goods.