Singapore Goods and Services tax (“GST”) has been in place for more than 20 years now and yet GST registered businesses still make errors in the GST treatment of their transactions as well as GST reporting.
This workshop aims to explain the fundamental GST concepts which will in turn help you in reducing the chances of making errors in your GST returns.
A Highlight of Key Areas:
- Principles of GST
- Type, place, time and value of supply
- Output tax vs input tax
- Invoicing requirements
- Claiming of input tax
- Disallowed input tax
- Record keeping
- Completing the GST return
- Correction of errors made in GST return
- GST registration requirements
- Q&A