This advanced-level GST training by Takx Solutions is specially designed for GST practitioners, finance professionals, accountants and business owners who wish to deepen their understanding of complex GST issues frequently encountered in practice.
Unlike a general GST overview programme, this workshop focuses extensively on the practical application of GST rules relating to fringe benefits, reimbursements, disbursements, inter-company billings and recovery of expenses - areas commonly misunderstood by businesses and often identified during GST audits.
Participants will gain a deeper understanding of the distinction between reimbursements and disbursements, when recovery of expenses constitutes a taxable supply and the GST implications arising from inter-company transactions between head offices, local subsidiaries and overseas related parties.
The workshop will also examine the conditions and restrictions surrounding input tax claims on employee benefits and staff-related expenses, including areas where input tax claims are specifically disallowed under GST rules.
Using practical examples, case studies and real-life scenarios, this workshop aims to help participants minimise GST compliance risks, avoid costly errors and apply GST principles confidently in day-to-day operations.
A Highlight of Key Areas:
Overview of GST Principles
GST Treatment of Fringe Benefits
- Conditions for Claiming Input Tax
- Invoice addressed to Employee
- Allowances provided to Employee
- Close Nexus Test (6 Indicators)
- Fringe Benefits provided solely to the Director, Partner or Sole-Proprietor
- Disallowed Input Tax Claims:
- (i) Club Subscription Fees
- (ii) Medical & Accident Insurance Premium
- (iii) Medical & Dental Expenses
- (iv) Family Benefits
- (v) Motor Car - Gifts and other benefits given to Employees, Customers and Supplies
- Accounting Back the Output Tax
- Food, Beverage and Hotel Accommodation provided to Employee
- Transport Expenses
Reimbursement vs Disbursement
- Difference between Reimbursement and Disbursement
- Examples of Reimbursement and Disbursement
- Recovery of Expenses:
- (i) Not Amounting to a Supply
- (ii) Amounting to a Supply
- (iii) Relating to the Main Supply
- (iv) Cost-to-Cost Recovery vs Mark-Up - Zero-Rating the Recovery of Expenses
- Secondment of Staff
- Re-Billing of Rental of Residential Properties
- Re-Billing of Financial Services
- Re-Billing of Disallowed Expenses relating to a Medical & Accident Insurance Premium and Motor Car
- Mixture of Reimbursement and Disbursement