The Essentials of Goods & Services Tax
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This workshop is scheduled to rerun on 21 September 2011.
With GST affecting virtually all business transactions, it is
inevitable that businesses will make mistakes in their GST
returns. This is evidenced by the IRAS collecting $154 million in
tax and penalties from GST audits for FY2009/10*.
As the GST errors can be reduced or avoided with a better
understanding of the GST rules, it is critical for the company
to equip its staff with that knowledge and how the rules apply
to transactions so as to mitigate the exposure to penalties.
The IRAS has also indicated in its new Voluntary Disclosure
Programme that penalties can only be reduced or waived for
timely voluntary disclosure of such errors.
We invite you to our popular series of one-day seminar on GST
where we will share with you the common errors in GST so that
you can take the neccessary steps to avoid them.
The seminar will focus on the practical application of the tax
and provide an opportunity for the participants to discuss their
practical situations and how they can effectively manage theGST.
+ Source: IRAS Annual Report 2009/10
Course Outline
- Understanding the different types of supplies
- What comprise exports of goods and international services
- Time, place and value of supply
- Reimbursements & disbursements
- Fringe benefits
- Input tax recovery rules
- GST offences and penalties
- Recent developments
Date & time
23 August 2011, 9am to 5.30pm
21 September 2011, 9am to 5.30pm
Fee*
S$350 - PwC clients and alumni
S$390 - Public
* Fee includes 7% GST
More information about the seminar, including registration details, is available in the flyer > 
