I-1 - Retail Sales Tax Act

Section 20.9.2.0.1 Disposition versions

1991-12-18

20.9.2.0.1. Where a person has purchased movable property before 1 January 1991 in respect of which he has paid the tax of 9% provided for in this chapter and where he returns the property to the vendor after 31 December 1990 and before 1 February 1991 in exchange for other movable property, the following rules apply:

(a)  where the sale price of the other property is equal to that of the returned property, the person may not request a reimbursement of the tax that he paid at the time of the purchase of the returned property and the tax provided for in this chapter does not apply in respect of the purchase of the other property; or

(b)  notwithstanding the third paragraph of section 20.9.2, where the vendor reimburses a part of the sale price of the returned property to the person, the person is entitled to the reimbursement by the vendor of the tax paid by the person in respect of the amount thus reimbursed and the tax provided for in this chapter does not apply in respect of the purchase of the other property.

The vendor may reimburse the amount of the tax referred to in subparagraph b of the first paragraph and deduct it from the amount to be remitted to the Minister for the month pursuant to section 14.

1991, c. 67, s. 542.