Latest Updates

• Updated paragraphs 3.2 and 3.3 to clarify the price display requirements.

• Updated paragraph 12.2 to be clear that for returned goods, GST should be adjusted at the rate that was originally charged.

• Updated paragraphs 13.3.3 and 13.3.4 to be clear that for rebates granted for past purchases for which GST was charged at the preceding rate, the supplier should charge GST at the prevailing GST rate on the full value of the next purchase.

• Updated paragraph 8.1 to remove mention of physical endorsement on the export permit in view of Customs’ cessation of physical endorsement of HCES permits.

Amended/inserted paragraphs 7.13, 7.14, 7.18 to 7.24, footnotes 14 to 16 and Examples 31 to 32A in Annex 2 relating to the revised GST treatment on motor car expenses 

• Removed paragraph 6.4 of fifth edition on GVR and CEVS rebate. Paragraph 6.2 provides the GST computation method when the selling price includes regulatory charges, incentives, vehicular schemes surcharges or rebates.
  

• Revised section 9 on Gross Margin Scheme and section 11 on Sale of Vehicle Bodies to provide better clarity on the conditions to be met before the Gross Margin Scheme can be applied on sales transactions.

• Revised paragraph 10.2 on Discounted Sale Price Scheme to provide better clarity on when the scheme is to be applied.