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

SDF Funding, 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

08 Dec 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

A. Geetha

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

03 Apr 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

A. Geetha

Date & Time

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

Registration is closed

Programme Facilitator(s)

A. Geetha

Date & Time

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

Registration is closed

Programme Facilitator(s)

A. Geetha

Testimonial

Funding

 

1] SkillsFuture Credit (SFC)
Funding Period: Until 5 January 2021
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. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (For more information on the SFC scheme, please visit http://www.skillsfuture.sg/credit)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, please proceed to submit SFC claim on Skillsfuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal here: http://www.skillsfuture.sg/credit.

 

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 
 
Funding Period: Until 5 January 2021
Funded Hours: 7 hours
Course Ref No.: CRS-N-0049096

 

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     
  • Step 2: After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

 

Employers of company-sponsored participants must submit training grant via SkillsConnect system to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

 

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 2020 – 31 March 2021.
 
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. 


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

08 Dec 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

A. Geetha

Venue

60 Cecil Street
ISCA House
Singapore 049709