Course Detail()

Programme Objective

This 1 day programme will address the following:

Understanding the concepts of the Goods & Services Tax (GST), its rules and regulations.
Administering the registered entity’s compliance with the various rules and regulations.
Accounting for GST and completing the periodic GST returns for submission to the Inland Revenue Authority of Singapore.
Maintaining accounting and other related records to ensure compliance with the GST rules and regulations.

Programme Outline

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

Training Methodology

Lecture style with Quiz / Knowledge Check

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

Accountants, administrators and managers who oversee the GST compliance process.

Schedule & Fees

Testimonial

Funding

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

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2022. *This excludes miscellaneous fees such as GST and registration fee etc.

This course is approved for UTAP support for intakes conducted between 01 April 2021 – 31 March 2022.

As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
Course by training provider must be supported under UTAP and training must commence within the supported period and;
Unfunded course fee must not be fully sponsored by company or other types of funding
Unfunded course fee must be S$20.00 and above, and;
Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
UTAP application must be made within 6 months after course ends.

To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
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)