Mastering the Basic & Intermediate Concepts of GST
This workshop by TAKX Solutions is designed to equip participants with the necessary skills and knowledge to effectively understand and
apply GST concepts into your area of work. Lack and inadequacy of knowledge on GST Taxation has cost many businesses unnecessary
penalties when they run foul of taxation laws. Do not be the next one!
With notes specially designed for easy learning, to broaden and reinforce understanding of proper GST treatment, you will possess the
Detail
| Date: |
17 May 2012 |
| Duration: |
1, day(s) 9:00AM - 5:30PM |
| Fee: | $248.00 |
| Venue: | Seminar Room 5.2 @ School of Economics & Social Science 90 Stamford Road, Level 5, SESS, Singapore Management University, S(178903) |
- Fees are subjected to prevailing GST of 7%
For more information, please contact JobsDB Learning at 6578 8111 or email to learning@jobsdb.com.sg
Payment must be made before the commencement of the workshop. No cancellation is allowed 7 days prior to workshop.
Participants will receive a Certificate of Attendance upon course completion.
Outline
Key Topics Covered During the Class:
Basic Concepts
* Overview of GST * Types of Supply * Output Tax versus Input Tax * Time of Supply * Tax Invoice & Receipts * Credit Notes & Debit Notes * Claiming of Input Tax * Pre-Registration Input Tax Claims * Disallowed Input Tax Claims * Imports * Correcting Mistakes in Import Declaration * Transhipments & Free Trade Zones * Record Keeping * Completing the GST F5 * When do you need a GST F7 * Penalties Imposed by IRAS
Intermediate Concepts
* Foreign Currency Invoice * Bad Debt Relief Claim * Fringe Benefits * Major Exporter Scheme (MES) * Exports & Exports Scenarios * International Services * Reimbursements vs Disbursements * Change of Business Details
Facilitators
Mr Andre Lim – Accredited Tax Practitioner (GST
Formerly an Inland Revenue Authority of Singapore (IRAS)
Senior Tax Officer, Mr Andre Lim has gathered more than 6
years of valuable experience from IRAS that includes dealing
with general and complex GST issue
He has over a decade's public speaking experience and has
conducted more than 100 GST training workshops and
seminars during his tenure at IRAS with many prestigious
organisations that include Accounting & Corporate Regulatory
Authority (ACRA), Singapore National Employers' Federation
(SNEF), Singapore Business Federation (SBF), Singapore
Manufacturers' Federation (SMa), and Singapore Chinese
Chamber of Commerce & Industry (SCCCI)
Objectives
Overview of GST
Fringe Benefits & Disallowed Claims
Basic Concepts of GST
Imports & How to Correct Mistakes
Types of Supply Major Exporter Scheme
Output tax vs Input Tax
Exports
Time of Supply Rules
International Services
Tax Invoice & Receipts
Frequently Asked Questions (FAQs)
Credit Notes & Debit Notes
Reimbursements/Disbursements
Claiming of Input Tax
Record Keeping
Pre-Registration Input Tax Claims
Completing the GST F5
Bad Debt Relief
When do you need a GST F7