A Highlight of Key Areas:
- Concepts of Goods & Services Tax
- GST Rules & Regulations
- Timing of Supply
- Administration of GST
- Accounting for GST
- GST on Imported Services – Reverse Charge and Overseas Vendor System
- Completing GST forms and returns
- Inter Co Billing & Recovery of Expenses
- Partial Exempt Trades and Input Tax Recovery
- Types Of GST Registration
- Transfer of Going Concern
- GST on Fringe Benefits to employees
- Bad Debts Relief
- Record keeping requirements
- Documents to be maintained for exports
- GST on Imports & Schemes to defer
- Procedures for pre-registration input tax claims
- Common Errors on filling GST Forms
- GST & E-Commerce
- Zero-rated services (including updates)
- GST for cash transactions
- GST Advance Ruling System
- GST: Assisted Compliance Assurance Programme (ACAP) and Assisted Self-Help Kit (ASK)
- Update on GST circulars from IRAS