Course Detail(TAX001 : GST: Operations, Accounting, Administration and Returns)

SkillsFuture Credit, UTAP Funding

TAX001 : GST: Operations, Accounting, Administration and Returns

7.00 CPE Hours (Others)
Classroom

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 (Including Updates)
    • Administration of GST
    • Accounting for GST
    • Completing GST forms and returns
    • Inter Co Billing & Recovery of Expenses
    • Partial Exempt Trades and Input Tax Recovery
    • Exchange Rates
    • Transfer of Going Concern
    • Bad Debts Relief
    • Record keeping requirements
    • Documents to be maintained for exports
    • GST on Imports & Schemes to defer
    • GST on Imports
    • Procedures for pre-registration input tax claims
    • Common Errors on filling GST Forms
    • GST treatment on Hire Purchase and other financing instruments
    • GST & E-Commerce
    • Zero-rated services (Directly in connection with and directly benefit)
    • GST and Properties
    • GST for cash transactions
    • GST Advance Ruling System
    • GST: Assisted Compliance Assurance Programme (ACAP)
    • Update on GST circulars in the year 2007 to 2011
    • 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.

    Competency Mapping

    Others = 7.00 Hours

    Schedule & Fees

    Date & Time

    06 Aug 2019 (9:00 AM - 5:00 PM)

    Fee (inclusive of GST)

    For Members: $ 329.56
    For Non-Members: $ 398.04

    Programme Facilitator(s)

    A. Geetha

    Venue

    60 Cecil Street
    ISCA House
    Singapore 049709

    Date & Time

    12 Dec 2019 (9:00 AM - 5:00 PM)

    Fee (inclusive of GST)

    For Members: $ 329.56
    For Non-Members: $ 398.04

    Programme Facilitator(s)

    A. Geetha

    Venue

    60 Cecil Street
    ISCA House
    Singapore 049709

    Date & Time

    04 Apr 2019 (9:00 AM - 5:00 PM)

    Registration is closed

    Programme Facilitator(s)

    A. Geetha

    Date & Time

    06 Dec 2018 (9:00 AM - 5:00 PM)

    Registration is closed

    Programme Facilitator(s)

    A. Geetha

    Date & Time

    05 Jul 2018 (9:00 AM - 5:00 PM)

    Registration is closed

    Programme Facilitator(s)

    A. Geetha

    Testimonial

    Funding

     
    1] SkillsFuture Credit
    Funding Period: Until 6 January 2020
    Course Ref No.: CRS-N-0049096


    All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SkillsFuture credit may be accumulated to pay for skills related course fees. For more information on the SkillsFuture Credit scheme, please visit http://www.skillsfuture.sg/credit

    If you wish to use your SFC to pay for partial/full ISCA course fee , please login to the SFC portal(http://www.skillsfuture.sg/creditwith your Singpasswithin 60 days before the course start date to submit a SFC Claim and obtain the necessary approval. For more information on SFC procedure, please click here.
     
    Failure to 
    submit claim application via SkillsFuture Portal and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use and an administrative fee of $42.80 to revise the invoice based on the amount of SFC you have indicated to use.

    2] SDF Funding
    This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (eligibility criteria apply). 
     
    To enroll participants with SDF Funding, please 
    click here to download the manual form.
    Incomplete registration form will not be processed.  
    Online registration via ISCA Portal will not be eligible for SDF Funding. Please note that there will be an admin fee of $42.80 for any wrong registration or revision of invoice. 
     
    Funding Period: Until 6 January 2020
    Funded Hours: 7 hours
    Course Ref No.: CRS-N-0049096
     
    Eligibility Criteria:
    • Company must be registered or incorporated in Singapore and;
    • Applicant is taking the course for the first time.
    • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
    • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
    • Applicant must be fully sponsored by the Company for all costs associated with the training and;
    • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).
     

    3] NTUC Union Training Assistance Programme (UTAP)
    UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members. NTUC member gets to enjoy UTAP funding 50% of the unfunded course fee capped at $250 every year. This excludes miscellaneous fees such as GST and registration fee etc.
     
    This course is approved for UTAP support for intakes conducted between 01 April 2019 – 31 March 2020.
     
    As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.
     

    Eligibility Criteria
    To be eligible for UTAP, the following conditions need to be met:
    • 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. 
    For more information on UTAP, please click here.
     
    Please refer to the UTAP Application Guide here on how union members can apply for UTAP via the system.
     
    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)


    A. Geetha
    CA (Singapore) with Certificate for Practice, MBA (Investment and Finance)


    Geetha is the founder partner of a Certified Public Accounting Firm. She has more than 20 years of experience in handling Singapore Tax issues and cross border tax issues.

    She regularly trains and updates practising and non-practising CAs and the general public in related field on Singapore Income Tax. She has also lectured on the Singapore Income Tax and Planning for ACCA students and students aspiring to be Chartered Financial Planners (CFP).

    She has authored revision kits for tax students and also acted as an appointed examiner for an Advanced Tax Paper. 

    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 (Including Updates)
      • Administration of GST
      • Accounting for GST
      • Completing GST forms and returns
      • Inter Co Billing & Recovery of Expenses
      • Partial Exempt Trades and Input Tax Recovery
      • Exchange Rates
      • Transfer of Going Concern
      • Bad Debts Relief
      • Record keeping requirements
      • Documents to be maintained for exports
      • GST on Imports & Schemes to defer
      • GST on Imports
      • Procedures for pre-registration input tax claims
      • Common Errors on filling GST Forms
      • GST treatment on Hire Purchase and other financing instruments
      • GST & E-Commerce
      • Zero-rated services (Directly in connection with and directly benefit)
      • GST and Properties
      • GST for cash transactions
      • GST Advance Ruling System
      • GST: Assisted Compliance Assurance Programme (ACAP)
      • Update on GST circulars in the year 2007 to 2011
      • 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.

      Competency Mapping

      Others = 7.00 Hours

      Programme Facilitator(s)

      A. Geetha
      CA (Singapore) with Certificate for Practice, MBA (Investment and Finance)


      Geetha is the founder partner of a Certified Public Accounting Firm. She has more than 20 years of experience in handling Singapore Tax issues and cross border tax issues.

      She regularly trains and updates practising and non-practising CAs and the general public in related field on Singapore Income Tax. She has also lectured on the Singapore Income Tax and Planning for ACCA students and students aspiring to be Chartered Financial Planners (CFP).

      She has authored revision kits for tax students and also acted as an appointed examiner for an Advanced Tax Paper. 

      Upcoming Schedule

      Date & Time

      06 Aug 2019 (9:00 AM - 5:00 PM)

      Fee (inclusive of GST)

      For Members: $ 329.56
      For Non-Members: $ 398.04

      Programme Facilitator(s)

      A. Geetha

      Venue

      60 Cecil Street
      ISCA House
      Singapore 049709