Essential GST Concepts and Practical Applications

January 18, 2024

With GST impacting nearly all business transactions, there may be instances where errors are made in the application of GST. This is reflected in IRAS’s collection of $205 million in additional tax and penalties from GST audits in FY 24/25.

Fortunately, many GST errors can be prevented through a stronger grasp of the rules. It is therefore essential for organisations to ensure their staff are well-equipped with the knowledge to apply GST correctly and reduce exposure to penalties.

You will understand how the GST rules and regulations apply to business transactions and avoid costly GST errors. As GST is a transaction-based tax, GST errors are generally recurring if the business transactions remain largely the same. With the practical knowledge acquired in this workshop, it will certainly help your organisation in mitigating GST risks with early detection of errors for timely rectification.

Revenue/ supplies

Scope of GST
Place, time & value of supply
Different GST classification for supplies
Zero-rate supplies
- Sale of goods
- Supplies of services

Purchases and expenses

Conditions governing input tax claims
Supporting documents
Foreign currency invoices
Specific disallowed expenses
Gifts / Fringe benefit expenses
Partial exemption
Can I claim GST on fringe benefits and mobile phone expenses?
Can I claim GST on expenses not paid to suppliers?
Am I subject to input tax restriction?

Common GST issues

Deemed supplies
- Gifts
- Fringe benefits
Recovery of expenses
- Disbursement vs Reimbursement
Reverse Charge
- Imported Services
- Low Value Goods

As part of our commitment towards minimizing carbon footprint and contributing to a healthier planet, we will only be issuing the soft copy of the training materials.

The training materials will be emailed to you 2 days before the workshop. Charging points are also available in the training room to charge your digital device.

Finance and Accounting Professionals
Tax professionals and anyone who has responsibility for GST in the organisation
Business Managers and anyone keen to have a good understanding of GST concepts

Catherine Chiang

Catherine has more than 20 years of experience in GST consultancy, with more than 10 years of training experience. She has previously spent 6 years in IRAS, handling GST and Income Tax audit and almost 10 years with 2 of the Big Four international accounting firms, specializing in GST compliance and advisory work. During this period, she has accumulated extensive experience in performing GST prudential reviews, GST consultancy, GST compliance and GST training for clients.

Catherine has a Bachelor of Accountancy (Honours) degree from the National University of Singapore. She is an Accredited Tax Advisor (GST) registered with the Singapore Chartered Tax Professionals and an Advanced Certificate in Training and Assessment (ACTA) certified Trainer.