Course Detail(TAX210 : Managing GST Accounting & Audit Compliance in Singapore)

TAX210 : Managing GST Accounting & Audit Compliance in Singapore

14.00 CPE Hours (Others)
Classroom


Programme Objective
 
GST has already been implemented for more than 20 years in Singapore, and in 2016 a total of 211 million have been collected from GST audit out of 3201 cases. Faced with an increased risk for Businesses to be GST compliant, there is an urgent need to examine and understand GST issues that may be incorrectly treated or overlooked altogether by every GST registered businesses.
 
We have specially designed this workshop to provide a clear understanding of the difference between GST concepts and Accounting treatments, as well as how to manage GST Risk. It will also provide insights on GST compliance and what is a good GST accounting system.  Finally, it will clear your doubts and equip you with skills to resolve GST uncertainties and prepare for GST Audit.

Programme Outline

Day 1

  • Difference between the concept of Supply in Accounting treatment and GST compliance. 
  • Challenges commonly faced in GST preparation using Manual Accounting System and Computerized Accounting System
  • Impact of cash and credit transactions on Accounting treatment and GST Processes.
  • An understanding of how GST affects the financial accounts
Day 2
  • GST Documentation and record keeping
  • Identification of common mistakes found in GST Audits conducted by IRAS
  • GST Audit and reconciliation
  • Preparation of GST return and introduction of GST Tax Codes.
Training Methodology
 
Lecture style, with Exercises/Case Studies

Closing Date for Registration
 
1 week before programme or until full enrolment
 

Intended For

Tax and Accounting professionals and staffs who are involved in GST compliance work; and non-tax professionals who want to understand GST preparation and submission and preparation in Singapore.

Competency Mapping

Others = 14.00 Hours

Schedule & Fees

Date & Time

02 Dec 2019 (9:00 AM - 5:00 PM)
03 Dec 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 652.70
For Non-Members: $ 783.24

Programme Facilitator(s)

Dr Robin Chia

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

07 May 2019 (9:00 AM - 5:00 PM)
08 May 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Dr Robin Chia

Date & Time

29 Nov 2018 (9:00 AM - 5:00 PM)
30 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Dr Robin Chia

Date & Time

18 Sep 2017 (9:00 AM - 5:00 PM)
19 Sep 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Dr Robin Chia

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Dr Robin Chia

Dr Robin Chia is currently an Professional Accountant in Malaysia, Singapore, Australia and United Kingdom. He is also Managing Director of Robin Chia PAC, a Public Accounting Corporation based in Singapore and Adjunct Professor in few Chinese Universities and a Provincial Business Ambassador in the Republic of China. He specializes in tax and GST and possesses vast experience in dealing with the tax authorities over GST issues, rulings, audit and investigations on behalf of his clients. He also acts as an adviser of an IT and Business Consultancy Company specializing in ERP and Computerized Accounting System and also pioneered in reforming GST Ready Accounting System which is approved by Royal Customs Malaysia.
 
Dr Robin Chia is also a frequent guest speaker for many professional bodies within South East Asia and has also done extensive research on Accounting and Auditing Standards, Goods and Services Tax, Risk Management and Internal Audit, Corporate Fraud and Forensic Accounting. He has also been invited to speak with the government and other institutions in Singapore, Malaysia, China, Hong Kong and Vietnam and has conducted numerous external training, seminars and workshops since 1996. He has undertaken numerous GST Implementations for large and small enterprises and is currently advising large Companies in Malaysia on the managing of GST Audit. He is also currently the Chairman and GST Technical Advisor for RCCM GST Network in Malaysia whose members are either professional accountants in public or private sectors. 
 


Programme Objective
 
GST has already been implemented for more than 20 years in Singapore, and in 2016 a total of 211 million have been collected from GST audit out of 3201 cases. Faced with an increased risk for Businesses to be GST compliant, there is an urgent need to examine and understand GST issues that may be incorrectly treated or overlooked altogether by every GST registered businesses.
 
We have specially designed this workshop to provide a clear understanding of the difference between GST concepts and Accounting treatments, as well as how to manage GST Risk. It will also provide insights on GST compliance and what is a good GST accounting system.  Finally, it will clear your doubts and equip you with skills to resolve GST uncertainties and prepare for GST Audit.

Programme Outline

Day 1

  • Difference between the concept of Supply in Accounting treatment and GST compliance. 
  • Challenges commonly faced in GST preparation using Manual Accounting System and Computerized Accounting System
  • Impact of cash and credit transactions on Accounting treatment and GST Processes.
  • An understanding of how GST affects the financial accounts
Day 2
  • GST Documentation and record keeping
  • Identification of common mistakes found in GST Audits conducted by IRAS
  • GST Audit and reconciliation
  • Preparation of GST return and introduction of GST Tax Codes.
Training Methodology
 
Lecture style, with Exercises/Case Studies

Closing Date for Registration
 
1 week before programme or until full enrolment
 

Intended For

Tax and Accounting professionals and staffs who are involved in GST compliance work; and non-tax professionals who want to understand GST preparation and submission and preparation in Singapore.

Competency Mapping

Others = 14.00 Hours

Programme Facilitator(s)

Dr Robin Chia

Dr Robin Chia is currently an Professional Accountant in Malaysia, Singapore, Australia and United Kingdom. He is also Managing Director of Robin Chia PAC, a Public Accounting Corporation based in Singapore and Adjunct Professor in few Chinese Universities and a Provincial Business Ambassador in the Republic of China. He specializes in tax and GST and possesses vast experience in dealing with the tax authorities over GST issues, rulings, audit and investigations on behalf of his clients. He also acts as an adviser of an IT and Business Consultancy Company specializing in ERP and Computerized Accounting System and also pioneered in reforming GST Ready Accounting System which is approved by Royal Customs Malaysia.
 
Dr Robin Chia is also a frequent guest speaker for many professional bodies within South East Asia and has also done extensive research on Accounting and Auditing Standards, Goods and Services Tax, Risk Management and Internal Audit, Corporate Fraud and Forensic Accounting. He has also been invited to speak with the government and other institutions in Singapore, Malaysia, China, Hong Kong and Vietnam and has conducted numerous external training, seminars and workshops since 1996. He has undertaken numerous GST Implementations for large and small enterprises and is currently advising large Companies in Malaysia on the managing of GST Audit. He is also currently the Chairman and GST Technical Advisor for RCCM GST Network in Malaysia whose members are either professional accountants in public or private sectors. 
 

Upcoming Schedule

Date & Time

02 Dec 2019 (9:00 AM - 5:00 PM)
03 Dec 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 652.70
For Non-Members: $ 783.24

Programme Facilitator(s)

Dr Robin Chia

Venue

60 Cecil Street
ISCA House
Singapore 049709