ACT
Supplement to the Sierra Leone Gazette Vol. CXL, No. 37 dated 20th August, 2009 THE GOODS AND SERVICES TAX ACT, 2009 ARRANGEMENT OF SECTIONS Section 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. PART I–PRELIMINARY Commencement. Interpretation. Consideration. Fair market value. Related persons. Supplies of goods and services. Taxable activity. Taxable supply. Exempt supply. Zero-rated supply. Exempt import. Exemption from GST. Supplies outside the scope of GST.

No. 6

Goods and Services Tax Act

2009

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PART V –BASIC RULES RELATING TO IMPORTS 25. Time of import. 26. Value of import. PART VI –CALCULATION AND PAYMENT OF GST NET AMOUNT 27. Net amount of GST to be remitted in a tax period. PART VII –INPUT TAX CREDITS 28. Goods or services for which no input tax credits are allowable. 29. Input tax credits. 30. Acquisition or importation by resident agents. PART VIII–GST DOCUMENTATION GST invoices and sales receipts. GST credit and debit notes. Documentation issued by or to agents. Requests for GST documentation. Prohibition. Retention of records. PART IX–GST RETURNS AND PAYMENTS GST returns. Due date for payment of GST. GST payable on imports. Due date for payment of GST on imports. PART X –REFUNDS 41. Refunds. PART XI–ASSESSMENTS Assessments . Assessment of recipient. Negation of tax benefit from a scheme. General provisions relating to assessments.

31. 32. 33. 34. 35. 36.

PART II–IMPOSITION OF GOODS AND SERVICES TAX 14. Imposition of GST. PART III –REGISTRATION Application for registration. Registration of persons. Cancellation of registration. National register of persons registered for GST PART IV – RULES RELATING TO SUPPLIES Time of supply of goods. Place of supply. Value of supply. Post-supply adjustments for GST adjustment events. Post supply adjustments for bad debts. Reverse charge on imported services.

37. 38. 39. 40.

15. 16. 17. 18.