Course Detail()

SDF Funding, SkillsFuture Credit, UTAP Funding

14.00 CPE Hours (Category 1, Category 2, Category 3, Category 4, 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.

Schedule & Fees

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 27 Jun 2023
Course Reference Number: TGS-2019504148

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. You may wish to use your SFC to pay for partial/full ISCA course fees. 

On 1 Oct 2020, the Government provided a one-off SkillsFuture Credit Top-up of $500 for all eligible Singaporeans aged 25 or above by 31 Dec 2020. Singaporeans aged 40 to 60 by 31 Dec 2020 will also receive an Additional SkillsFuture Credit (Mid-Career Support) of $500 which can be used for courses under: (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes. This additional SFC (Mid-Career Support) is NOT applicable for use on ISCA courses. (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:

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 27 Jun 2023
Funded Hours: 14 hours
Course Reference Number: TGS-2019504148

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”.
     

 

For course run start date before 1 Nov 2020, submit training grant application in SCN until 30 Nov 2020.

For course run start date on or after 1 Nov 2020, Enterprises/employers are NOT required to log into TPGateway/SCN to submit training grant.

Remarks

Step 2: After receiving email that the programme status is confirmed, please proceed to submit the Training Grant application via SkillsConnect Portal (https://www.skillsconnect.gov.sg/).

Employers of company-sponsored participants must submit training grant via SkillsConnect 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.

The employee’s enrolment, attendance and assessment recordswill be submitted by ISCA onto TPGateway.


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 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)

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.

Programme Facilitator(s)


No course instances or course instance sessions available.