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 ObjectiveGST-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.
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 ObjectiveGST-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.
Input Tax Recovery Rules Qualifying conditionsDisallowed / blocked expensesTime of claimingSupporting DocumentsTax InvoiceCustomer Accounting Tax InvoiceSimplified invoiceImport PermitAscertaining the amount of GST claimable Impact of partial exemptionDe-minimis ruleAttribution / ApportionmentSpecific Expenses GiftsFringe ExpensesBusiness ExpensesPre-requisitesPlease take note of the following admission requirements:Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsoryMandatory for video camera to be turned on throughout the courseDisplay your official name (as per NRIC) in Zoom, to facilitate attendance takingTraining MethodologyLecture style, with Case Studies and ExamplesClosing Date for Registration1 week before programme or until full enrolment
Pre-requisites
Please take note of the following admission requirements:
Training MethodologyLecture style, with Case Studies and ExamplesClosing Date for Registration1 week before programme or until full enrolment
An Intermediate level programme for Accounting and Tax Professionals who are involved in the GST compliance process.
Others = 7.00 Hours
22 Mar 2023 (9:00 AM - 5:00 PM)
For Members: $ 306.72 For Non-Members: $ 368.28
08 Sep 2023 (9:00 AM - 5:00 PM)
20 Nov 2023 (9:00 AM - 5:00 PM)
Online Classroom in or outside ofSingapore
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30 Jan 2023 - 17 Feb 2023
30 Jan 2023 - 24 Feb 2023
30 Jan 2023 - 26 Feb 2023