Section 37

Where 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:

Sales Tax 53

A x C

B where

A is the payment received in respect of the sale of such taxable goods;

B is the sale value of such taxable goods plus sales tax payable on such taxable goods; and

C is the sales tax payable on such taxable goods.