Course Detail()
Not Available

UTAP Funding

7.00 CPE Hours (Category 1, Category 2, Category 3, Category 4, Others)
Live Webinar

This session is delivered via live webinar (zoom platform).

Programme Objective

GST has already been implemented for more than 20 years now, and yet many GST traders are still making many mistakes. This workshop aims to provide participants with the basic knowledge on GST concepts as well as the rules and regulations in Singapore. It will also help them avoid potential pitfalls and appreciate the potential GST issues that will accompany almost every business transaction. The penalties for not getting GST right can be costly to businesses and hence should not be ignored.

Programme Outline

  • Overview of GST System and How It Works
  • Key Concepts of GST including Types, Place, Time & Value of Supplies
  • Transfer of Going Concern
  • Claiming Input Tax Credits, including pre-registration input tax and bad debts relief
  • Fringe Benefits
  • Importation of Goods – Major Exporter Scheme and Import GST Deferment Scheme
  • Exports and International Services
  • Accounting for GST
  • Interaction between income tax and GST
  • Registration & Record Keeping
  • Tax Receipts and Invoices
  • Completing GST Forms and Returns
  • Common GST errors made by business
  • Advance Ruling System
  • Offences and Penalties
  • GST Assisted Self-Help Kit (ASK)
  • GST Assisted Compliance Assurance Program (ACAP)
  • Voluntary Disclosure Program (VDP)
  • GST on Imported Services – Reverse Charge and Overseas Vendor Registration
  • Recent GST Changes


Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking


Training Methodology

Lecture style, with Case Studies and Examples


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Junior tax professionals and accountants who are involved in GST compliance work; and Non-tax professionals who want to achieve a higher appreciation of corporate tax laws, regulations and practice.

Schedule & Fees

Testimonial


Useful session for me as a newbie to GST, I gained better understanding on the GST system and key concepts for application to my work.

Past Participant


I've learned a lot from the course and its really helpful in the current function I have right now. The application of the different GST classification, when and to what particular transaction is to be applied is the thing I appreciate most in this program.

Past Participant


Prof Simon’s ability in providing clear explanation on the subject is very helpful. Hope to attend more of Prof Simon's courses

Past Participant


Prof Simon is extremely knowledgeable on GST in Singapore; his vast experience and deep knowledge about GST allows him to give clear and succinct illustrations as well as explanations. Participants are able to benefit greatly from this clarity during the delivery of his workshop; participants are able to develop a greater understanding of Singapore GST.

Past Participant


Trainer is very experienced and shared a lot of common scenarios which helps to clarify the tax treatment. This helps us to prepare our returns and report correctly to avoid compliance issues.

Past Participant


It was a comprehensive one day workshop, giving me an update on GST regulations, refresh on compliances and new requirements. Very good workshop and Mr Simon Poh is a dedicated and knowledgeable trainer!

Past Participant

Funding

2] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

To find more on the UTAP funding and support validity period please click here.
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)

This session is delivered via live webinar (zoom platform).

Programme Objective

GST has already been implemented for more than 20 years now, and yet many GST traders are still making many mistakes. This workshop aims to provide participants with the basic knowledge on GST concepts as well as the rules and regulations in Singapore. It will also help them avoid potential pitfalls and appreciate the potential GST issues that will accompany almost every business transaction. The penalties for not getting GST right can be costly to businesses and hence should not be ignored.

Programme Outline

  • Overview of GST System and How It Works
  • Key Concepts of GST including Types, Place, Time & Value of Supplies
  • Transfer of Going Concern
  • Claiming Input Tax Credits, including pre-registration input tax and bad debts relief
  • Fringe Benefits
  • Importation of Goods – Major Exporter Scheme and Import GST Deferment Scheme
  • Exports and International Services
  • Accounting for GST
  • Interaction between income tax and GST
  • Registration & Record Keeping
  • Tax Receipts and Invoices
  • Completing GST Forms and Returns
  • Common GST errors made by business
  • Advance Ruling System
  • Offences and Penalties
  • GST Assisted Self-Help Kit (ASK)
  • GST Assisted Compliance Assurance Program (ACAP)
  • Voluntary Disclosure Program (VDP)
  • GST on Imported Services – Reverse Charge and Overseas Vendor Registration
  • Recent GST Changes


Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking


Training Methodology

Lecture style, with Case Studies and Examples


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Junior tax professionals and accountants who are involved in GST compliance work; and Non-tax professionals who want to achieve a higher appreciation of corporate tax laws, regulations and practice.

Programme Facilitator(s)


No course instances or course instance sessions available.