Section 17A: Increase in amount specified for compulsory registration

17A. Increase in amount specified for compulsory registration (1) Where the amount specified in the Sixth Schedule is increased, any registered person who is no longer required to remain registered under the Act shall, by irrevocable notice in writing to the Director-General, within 30 days of the coming into operation of the increase, elect to cease to be registered. [Issue 9] V4 – 14 Revised Laws of Mauritius (2) Where a person makes an election under subsection (1), he shall cease to be a registered person as from the beginning of the taxable period immediately following the date of his notification. (3) Where a person gives notice under subsection (1), he shall— (a) at the same time, submit any overdue return; (b) submit, by the due date, the return for each taxable period up to and including the taxable period ending on the date on which he would cease to be registered; (c) pay any tax due together with any penalty under sections 26, 26A and 27 and any interest under section 27A; (d) cease to hold himself out to be a registered person as from the date he would cease to be registered; and (e) return to the Director-General his certificate of registration and all its copies. (4) The Director-General shall, on receipt of a notice under subsection (1)— (a) deregister the person; and (b) where necessary, enforce compliance by the person of the requirements of subsection (3). (5) Any person who does not give notice by the time limit referred to in subsection (1) shall continue to be a registered person under section 16. (6) Where a person ceases to be a registered person under this section and his return for the last taxable period shows an excess of input tax over output tax, the excess of input tax over output tax shall not be refundable. [S. 17A inserted by s. 58 (b) of Act 18 of 2016 w.e.f. 1 July 2015.]