In addition to the requirements for returns and payment of tax contemplated in section 28 of the Act, the following additional requirements apply:
| (a) | Supplier, being a registered vendor |
| (i) | the value of the supply of valuable metal must be reported in Field 3 of its VAT return; and |
| (ii) | the value of the increase or the decrease as a result of the issue of a credit or debit note must be reported in Field 3 of its VAT return. |
| (b) | Recipient, being a registered vendor |
| (i) | the VAT that is subject to the domestic reverse charge must be reported in Field 12 of its VAT return; |
| (ii) | where the recipient, being a registered vendor, is entitled to a deduction of input tax, subject to the provisions of sections 16, 17, 20 and 21 of the Act, such input tax must be reported in Field 18 of its VAT return; and |
| (iii) | where the recipient, being a registered vendor, is required to Increase the amount of VAT contemplated in Regulation 5(b)(i), such increase must be reported in Field 12 and to decrease the amount of VAT contemplated in Regulation 5(b)(ii), such decrease must be reported in Field 18 of its VAT return. |
