The Essentials of Goods & Services Tax (GST)


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Date:
14 November 2022, Monday - 15 November 2022, Tuesday

Time:
09.00AM - 05.00PM
Venue:
PwC Singapore Office At Marina One

Details/ Promotion:
Please click here for more details and to register.

Contact:
Please refer to organiser’s webpage here.
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Programme Synopsis

How to determine the GST treatment of my revenue / supplies?

• How do I support the zero-rating of my supplies?

• How and when do I report my transactions in the GST returns?

• What is the GST treatment of my recovery of expenses?

• Can I claim GST on fringe benefits?

• What conditions do I need to comply with in order to claim GST on my expenses?

• What are the recent GST changes?

Programme Outline

Module 1 - GST concepts relating to revenue / supplies
• What are the different GST classification for my supplies?
• When and what value should I report in the GST returns?
• What conditions do I need to comply with in order to zero-rate my supplies?
• Sale of goods
• Supplies of services
• What are the recent GST changes?

Module 2 - GST concepts relating to purchases and expenses
• What conditions do I need to comply with in order to claim GST on my expenses?
• Contracting party
• Tax invoice
• Business purpose
• Exchange rates
• Can I claim GST on fringe benefits?
• Can I claim GST on expenses not paid to suppliers?
• Am I subject to input tax restriction?
• Are there any GST implications when I give gifts?

Module 3 - GST concepts relating to recovery of expenses
• What are the GST treatments of my recovery of expenses?
• Disbursement vs reimbursements
• GST classification
• Can I claim GST on disallowed expenses that are recovered from another company?
• Common business examples to illustrate the application of the GST rules for recovery of expenses









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