Excerpt from the Goods and Services Tax Act

24. (a) A registered person’s taxable period shall be determined as follows:

(1) Every 3 (Three) months, if the total value of the goods and services supplied by a registered person is less than MVR 1,000,000 (One Million Rufiyaa) per month;

(2) Every month, if the total value of the goods and services supplied by a registered person is more than MVR 1,000,000 (One Million Rufiyaa) per month.

27. Every registered person shall calculate the amount of tax payable for each taxable period in accordance with this Act and the Regulation made pursuant to it, and shall file a tax return to the MIRA in accordance with the Regulation.

28. (a) A tax return required to be filed pursuant to Section 27 of this Act shall be filed on or before:

(1) The 28th day of the month following the end of the taxable period;

(2) The date determined by the Commissioner General where the Commissioner General has decided to postpone the date for submission of tax returns due to any reasonable grounds.

For the purpose of Section 24(a)(1) of the Goods and Services Tax (GST) Act, three-monthly taxable periods shall be based on calendar quarters, i.e. January to March, April to June, July to September, and October to December. Thus, pursuant to Section 28(a)(1), persons falling within Section 24(a)(1) shall file their tax returns on or before 28th April, 28th July, 28th October, and 28th January respectively.

The following examples illustrate the application of the above-mentioned provisions in relation to a registered person falling within Section 24(a)(1) of the GST Act.

1. If your first taxable period commenced on 2nd October 2011, it would end on 31st December 2011. Therefore, you would be required to file your tax return for that taxable period on or before 28th January 2012. Your second taxable period would commence on 1st January 2012 and end on 31st March 2012.

2. If your first taxable period commenced on 22nd November 2011, it would end on 31st December 2011. Therefore, you would be required to file your tax return for that taxable period on or before 28th January 2012. Your second taxable period would commence on 1st January 2012 and end on 31st March 2012.

3. If your first taxable period commenced on 5th February 2012, it would end on 31st March 2012. Therefore, you would be required to file your tax return for that taxable period on or before 28th April 2012. Your second taxable period would commence on 1st April 2012 and end on 31st June 2012.

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