Understanding the Essentials of GST Webinar - 8th Run

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04 March 2021, Thursday - 05 March 2021, Friday

09.00AM - 12.30PM
Online Webinar

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

Please refer to organiser’s webpage here.
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Programme Synopsis

TAKX Solutions' Understanding the Essentials of GST webinar is designed to equip participants with the knowledge and understanding to effectively apply the concepts of GST into their area of work - including GST treatment for international services, exports, disbursement vs reimbursement, gifts/benefits-in-kind for staff and business associates and more - that will enable you to complete the GST F5 return correctly and accurately, and avoid costly penalties. It is also ideal for current finance/accounting staff as a refresher and an ideal platform to clarify their doubts.

Programme Outline

Day 1

  • Introduction
  • Overview & Basic Concepts of GST
  • Types of Supply
  • Output Tax vs Input Tax
  • Tax Invoice, Simplified Tax Invoices & Receipts
  • Foreign Currency Invoice
  • Credit Notes & Debit Notes
  • Claiming of Input Tax
  • Bad Debt Relief
  • Fringe Benefits - Update on Closed Nexus Test
  • Recap

Day 2

  • Imports
  • Ownership of Goods
  • Exports
  • International Services
  • Absorption of GST
  • Price Displays
  • Reimbursement vs Disbursement
  • Open Market Value
  • Disposal of Business Asset
  • Purchase of a Brand New Motor Vehicle
  • Sale of Second-Hand Motor Vehicle
  • Discounts vs Rebates 
  • Sponsorships
  • Free Samples
  • Deposits
  • Penalties & Interest
  • Reimbursement of Handphone BIlls
  • Entertainment & Office Expenses
  • Incidental Expenses
  • Record-keeping
  • Recap

About the Presenter(s)/ Trainer(s)

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Mr Andre Lim
Accredited Tax Practitioner (GST)
TAKX Solutions

A former Inland Revenue Authority of Singapore (IRAS) Senior Tax Officer backed by 6 years of hands-on experience in managing and solving difficult tax returns, Andre Lim has more than a decade of public speaking experience. The Accredited Tax Practitioner has conducted more than 200 seminars and GST training classes with many organisations, including:

  • Singapore Business Federation (SBF)
  • Dun & Bradstreet (D&B)
  • Management Development Institute of Singapore (MDIS)
  • YYC GST Consultants Sdn Bhd (Malaysia)
  • CCH Malaysia
  • Aventis Learning Group

TAKX Solutions has conducted more than 100 GST workshops since our inception, including "Mastering the Basic & Intermediate Concepts of GST" workshops, "Understanding Malaysia GST" workshops, workshops on GST rate change and several in-house GST workshops, training over 7,000 participants including business owners, senior management, finance/accounting staff and other professionals from over 3,500 organisations on how to appropriately handle GST in their area of work.


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