Course Detail()

Programme Objective

GST has already been implemented for more than 20 years now, and yet many GST traders are still making many mistakes. This workshop aims to provide participants with the basic knowledge on GST concepts as well as the rules and regulations in Singapore. It will also help them avoid potential pitfalls and appreciate the potential GST issues that will accompany almost every business transaction. The penalties for not getting GST right can be costly to businesses and hence should not be ignored.

Programme Outline

Overview of GST System and How It Works
Key Concepts of GST including Types, Place, Time & Value of Supplies
Transfer of Going Concern
Claiming Input Tax Credits, including pre-registration input tax and bad debts relief
Fringe Benefits
Importation of Goods – Major Exporter Scheme and Import GST Deferment Scheme
Exports and International Services
Accounting for GST
Interaction between income tax and GST
Registration & Record Keeping
Tax Receipts and Invoices
Completing GST Forms and Returns
Common GST errors made by business
Advance Ruling System
Offences and Penalties
GST Assisted Self-Help Kit (ASK)
GST Assisted Compliance Assurance Program (ACAP)
Voluntary Disclosure Program (VDP)
Recent GST Changes

Training Methodology

Lecture style, with Case Studies and Examples

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Junior tax professionals and accountants who are involved in GST compliance work; and Non-tax professionals who want to achieve a higher appreciation of corporate tax laws, regulations and practice.

Schedule & Fees

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 08 Apr 2023
Course Reference Number: TGS-2020501122

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)