Goods & Services Tax (GST)

Basics of GST

• e-Learning course Overview of GST
• Responsibilities of a GST-registered Business
• Invoicing, Price Display and Record Keeping
• Goods and Services Tax (GST): What It Is and How It Works
• Prevailing GST Rate

GST Rate Change

• GST Rate Change for Businesses
• GST Rate Change for Consumers

GST Registration/Deregistration

• Voluntary Disclosure for Wrongful Collection of GST
• Applying for special GST registration (Group registration and Divisional registration)
• Cancelling GST Registration
• Factors to Consider Before Registering Voluntarily for GST
• Do I Need to Register for GST
• Applying for GST registration
• Guarantee
• Applying for exemption from GST registration

Charging GST (Output Tax)

• When to Charge Goods and Services Tax (GST)
• When is GST not charged
• Common scenarios - Do I charge GST
• When to charge 0% GST (Zero-rate)
• When to Report Supplies in GST Returns
• Foreign Currency Transactions

Claiming GST (Input Tax)

• Paying Suppliers After Claiming GST
• Claiming GST Incurred Before GST Registration/Incorporation
• Claiming Input Tax in the Right Accounting Period
• Conditions for Claiming Input Tax
• Common scenarios - Do I claim GST
• Importing of Goods
• Claiming Input Tax Incurred to Make Exempt Supplies

GST and Digital Economy

• For Overseas Businesses
• For Local Businesses

Filing GST

• Overview of GST e-Filing Process
• Late Filing or Non-Filing of Tax Returns
• Completing GST returns
• Check Acknowledgements/Correspondence/Notices
• Correcting Errors Made in GST Return (Filing GST F7)
• Check Status of GST Return
• Due Dates and Requests for Extension

GST Payments/Refunds

• Experiencing Difficulties in Paying Your Tax?
• How to Pay
• Refunds
• Penalties for Late or Non-Payment
• Revising Estimated Assessment
• Check Account Summary / Payments

Consumers

• Purchasing Remote Services from Overseas Service Providers
• Consumers Importing Goods into Singapore
• Buying from a GST-registered business
• Checking if a business is GST-registered
• GST on Imported Low-Value Goods
• Travellers bringing goods into Singapore
• Tourist Refund Scheme

Specific Business Sectors

• Carbon Credits
• Finance
• Air and Sea Containers
• Biomedical
• Gold Jewellery
• Telecommunications
• Hotel and Food & Beverage
• Construction
• e-Commerce
• Energy
• Auction
• Advertising
• Digital Payment Tokens
• Aerospace and Aviation
• Motor Trade
• Retail
• Logistics and Freight Forwarding
• Consultancy and Professional Services
• Real Estate
• Travel
• Pawnbroking
• Bunkering
• Manufacturing
• REITs and Registered Business Trusts
• Charities and Non-Profit Organisations
• Marine and Shipping

General GST Schemes

• Hand-Carried Exports Scheme (HCES)
• Gross Margin Scheme
• Discounted Sale Price Scheme
• Import GST Deferment Scheme (IGDS)
• Tourist Refund Scheme (TRS)
• Zero GST (ZG) Warehouse Scheme
• Major Exporter Scheme (MES)
• Cash Accounting Scheme

Industry-Specific GST Schemes

• Approved Import GST Suspension Scheme (AISS) (For Aerospace Players)
• Approved Refiner and Consolidator Scheme (ARCS)
• Approved Contract Manufacturer and Trader (ACMT) Scheme
• Approved Marine Fuel Trader (MFT) Scheme
• Approved Marine Customer Scheme (AMCS)
• Approved Third Party Logistics (3PL) Company Scheme
• Specialised Warehouse Scheme (SWS)

Getting It Right

• Tax Governance and Tax Risk Management
• Voluntary Compliance Initiatives
• Wrongful Collection of GST by GST-registered persons
• Voluntary Disclosure of Errors for Reduced Penalties
• GST Audits by IRAS
• Tax Evasion or Fraud
• Object to Audit Assessment

Other Services

• Notifying IRAS of Changes
• Changing GST Accounting Periods
• Advance Ruling System for GST