Your Partner in Nation Building
GST ACT •Legislation – GST S65A
SIGTAS
•Remittance –GST S65A
•Withholding – GST S65A
SIGTAS
•GST Remittance with S65A Credit
•Refund Process
Your Partner in Nation Building
GST S65A
• S65A(2) - Notwithstanding any other
provision of this Act, the
Commissioner may at any time, or
from time to time, by notice in
writing to a registered person, direct
that person to pay to the
Commissioner all taxes payable by
that person to his suppliers or to a
specified supplier.
Your Partner in Nation Building
Notice to Taxpayers by the Commissioner, direct registered persons to pay to Commissioner all tax payable by that person to his suppliers.
Payment to Commissioner
Advice to suppliers and Commissioner
Deemed payment from supplier
Supplier’s return
Liability for payment
Indemnity
Offence
Penalties
Your Partner in Nation Building
Previously GST S65A have been recorded manually.
SIGTAS can now be used to record, track, reconcile and transfer all S65A credits.
The withholder lodges a separate remittance for what they have withheld – where credits are recorded.
The withholder lodges a normal GST remittance for their business activity- independent to the credit information.
The withholdee lodges a normal GST remittance for their business activity which includes the claim for their credits.
Your Partner in Nation Building
•Lodges monthly return (G1) & (G2) form
•Require to complete G2 form by stating
the Name and Number of suppliers;
•Tax Identification Number (TIN)
•Amount of GST withheld.
Person
(Withholder)
•Capture and revise remittance
•Print Assessment Notice as normal –
notices are the exact same layout as
other notices
IRC
•Payments (withholdings) are credited
into the supplier’s GST account by
transaction officers.
IRC
Withholdings
Your Partner in Nation Building
•Lodge monthly return (G1)
Form.
•Declare in Block 3 line 16 of
the (G1) Form the amount
withheld by the exporter.
Supplier
Your Partner in Nation Building
• To assist the GST collection and credits for
small-scale coffee growers, under Section
65A, a Coffee Exporter MAY act as a
withholding agent for GST.
• Taxpayer meetings were held in early 2017
to disseminate information to the coffee-
producing community.
• ALL Section 65A transactions – lodgements,
registrations and refund requests are to be
processed and managed through the new
process, in SIGTAS – without exception.
Coffee
Exporters
Your Partner in Nation Building
Your Partner in Nation Building
Person’s directed by the Commissioner to withhold Goods and Service Tax:
Advise the concern supplier of:-
The amount of GST paid to the IRC
The date of payment;
Advise the Commissioner:
Name and registration of each supplier
The amount remitted
The place of supply (location/province)
Your Partner in Nation Building
•Lodge monthly returns
•State the name and address of
exporter
•State total amount of sales to the
exporter
•State total amount of tax remitted to
Commissioner
Suppliers
Obligation
•Credit the payments into various
suppliers GST accounts per the name
list from the exporter
• Issue receipts to the suppliers and
notify the exporter.
IRC
Obligation