Course Detail()

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective

GST-registered businesses can claim GST on their imports and expenses incurred for business purposes. However, there are certain expenses that are not claimable. Businesses who make both taxable and exempt supplies may not be able to claim the full amount of allowable input tax. Wrongful claims are common errors noted during the IRAS’ audits. Penalties could be imposed for these errors.

This workshop aims to provide participants with a better understanding of the input tax recovery rules.

Programme Outline

Input Tax Recovery Rules
- Qualifying conditions
- Disallowed / blocked expenses
- Time of claiming
Supporting Documents
- Tax Invoice
- Customer Accounting Tax Invoice
- Simplified invoice
- Import Permit
Ascertaining the amount of GST claimable
- Impact of partial exemption
- De-minimis rule
- Attribution / Apportionment
Specific Expenses
- Gifts
- Fringe Expenses
- Business Expenses

Pre-requisites

Please take note of the following admission requirements:

Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
Mandatory for video camera to be turned on throughout the course
Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

Training Methodology

Lecture style, with Case Studies and Examples

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

An Intermediate level programme for Accounting and Tax Professionals who are involved in the GST compliance process.

Schedule & Fees

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)

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 2025.

*Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This excludes material fees, registration fees, misc. fees etc.

This course is approved for UTAP support for intakes conducted between 08 February 2024 – 31 March 2025.

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.

For more information on UTAP Funding and to submit for UTAP claims, please visit https://www.ntuc.org.sg/uportal/programmes/union-training-assistance-programme. Terms and conditions apply.

Programme Facilitator(s)