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Course Overview and Learning Objectives

This 1-day course aims to provide accounting, finance and business executives with an in-depth understanding of Singapore GST, which will in turn promote accurate, timely and effective responses on GST administration and compliance work.

By the end of the course, participants should be able to:

• Define the scope of GST in Singapore
• Classify and explain the types of supplies and reliefs within the context of Singapore GST
• Apply the scope and concept of Singapore GST to business transactions, including e-commerce transactions
• Manage the administration and compliance of Singapore GST matters

Course Outline

GST Overview

• Participants attempt given quizzes to test their underpinning knowledge
• Case study

Scope of GST

• Made in Singapore
• Made in the course or furtherance of any business
• Made by a taxable person
• Discussion – Why these four conditions are important for determining the scope of GST

Scope of GST – Place

• Pop Quizzes
• Discussion – How “Made in Singapore” is applicable to their businesses

Scope of GST – Business

Scope of GST – Person

Scope of GST – Supply

• Supply Types (Standard-rated, Zero-rated, Exempt supply, Out of scope, Deemed Supply)
• Review on your business

Timing of Supply

Input Tax

• Local supplies
• Import

Let’s Examine Transactions

• Fringe benefits
• Secondments of staff
• Electronic commerce transactions
• Disbursements and reimbursements
• Free usage of business premises by third party
• Bad debts written off or recovered
• Sale of second-hand goods

Registration

Accounting & Administration

• Review on your business