Taxation Laws Amendment Act (No. 3) 1994 (138 of 1994)

Part 4   AMENDMENT OF THE SALES TAX LAW

Division 3   Reduction of clawback of CR9 credit

139   Clawback of CR9 credit on later sale of defective goods

Section 58 of the Principal Act is amended:

(a) by omitting from subsection (2) "The amount" and substituting "Subject to subsection (2A), the amount";

(b) by inserting after subsection (2) the following subsection:

"(2A) If the claimant has borne tax on goods that were used as raw materials in repairing the defective goods, the amount payable by the claimant is the amount calculated using the formula in subsection (2) reduced by the amount of the tax borne.".