This legislation has been repealed. Do not cite it as law in force.
s 37 Accounting basis
(1) For the purposes of section 41, every taxable person shall account for tax on an invoice basis in accordance with the time of supply under sections 11, 13, 70, 72 and 73.
(2) Notwithstanding subsection (1), the Director General may, upon application in writing by any registered person and subject to the prescribed conditions, approve the registered person to account for the tax on a payment basis in accordance with the prescribed manner.
(3) Where the registered person has been approved to account for the tax on a payment basis under subsection (2) and elects not to proceed with the payment basis, he may apply in writing to the Director General to account for the tax in accordance with subsection (1).
(4) The Director General may refuse to approve the application made under subsection (2) or (3) as he deems fit.
(5) The Director General may, by notice in writing, revoke the approval under subsection (2) under the prescribed circumstances.
(6) Where there is a change in the basis of accounting, the registered person shall make adjustment of the tax in the prescribed manner.
Malay text (authoritative)
Asas pengakaunan
(1) Bagi maksud seksyen 41, tiap-tiap orang kena cukai hendaklah mengakaunkan cukai atas asas invois mengikut masa pembekalan di bawah seksyen 11, 13, 70, 72 dan 73.
(2) Walau apa pun subseksyen (1), Ketua Pengarah boleh, atas permohonan secara bertulis oleh mana-mana orang berdaftar dan tertakluk kepada syarat yang ditetapkan, meluluskan orang berdaftar itu untuk mengakaunkan cukai atas asas pembayaran mengikut cara yang ditetapkan.
(3) Jika orang berdaftar itu telah diluluskan untuk mengakaunkan cukai atas asas pembayaran di bawah subseksyen (2) dan memilih untuk tidak meneruskan dengan asas pembayaran itu, dia boleh memohon secara bertulis kepada Ketua Pengarah untuk mengakaunkan cukai mengikut subseksyen (1).
(4) Ketua Pengarah boleh enggan untuk meluluskan permohonan yang dibuat di bawah subseksyen (2) atau (3) sebagaimana yang difikirkannya patut.
(5) Ketua Pengarah boleh, melalui notis secara bertulis, membatalkan kelulusan di bawah subseksyen (2) di bawah hal keadaan yang ditetapkan.
(6) Jika terdapat perubahan dalam asas pengakaunan, orang berdaftar itu hendaklah membuat pelarasan cukai mengikut cara yang ditetapkan.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
