Goods and Services Tax: The Law & Practice

Author: Leung Yew Kwong; Charles Lim Aeng Cheng; Chia-Tern Huey Min
Publisher: LexisNexis Singapore
ISBN: 9789812362254
Published In: January 2002
Format: Hardback
Jurisdiction: Singapore ? Disclaimer:
Countri(es) stated herein are used as reference only

New Edition is available now !

Description
Contents

Details

GST rate will be increased to 5% with effect from 1 January 2003. Are you prepared for the change? Do you know how it will impact you and your business? Are you aware of the changes that has taken place since GST came into effect on 1 April 1994?

Mr Charles Lim was responsible for the drafting of the Goods and Services Tax Bill which was passed by Parliament. It was assented to by the President and came into force on 1 April 1994. Together with 3 collaborators from the Inland Revenue Authority of Singapore, they have contributed to this publication, Goods and Services Tax - The Law and Practice, making it the most authoritative text on the law and practice of GST in Singapore.

This publication provides a comprehensive and comprehensible treatment on the law and practice of GST in Singapore, which is at the same time authoritative to a degree which most other commentaries on legislation will be unable to attain. It combines learned scholarship and sound legal analysis with practical advice on the administrative and compliance aspects. It also explains the subtle difference in the provisions and the legislative intention behind them.

Important Features:
· Most authoritative update and commentary
· The financial significance of the new GST rate
· An update of the changes since the introduction of GST
· Practical advice on the administration and compliance of GST

· Chapter 1: GST in Singapore - Background to its Introduction and Implementation
· Chapter 2: Overview and Synopsis of the GST Act
· Chapter 3: The Imposition and Extent of Tax
· Chapter 4: Meaning of Business and Taxable Person
· Chapter 5: Classification of Supplies
· Chapter 6: Out of Scope Supplies
· Chapter 7: Input Tax Recovery
· Chapter 8: Refunds
· Chapter 9: Time of Supply
· Chapter 10: The Value of Supply and Importation of Goods
· Chapter 11: Zero-Rating of Supplies - Exports and International Services
· Chapter 12: Exempt Supply: Financial Services
· Chapter 13: Exempt Supply: Residential Property
· Chapter 14: GST on Import of Goods and Services
· Chapter 15: Bonded Warehouse Scheme
· Chapter 16: Major Exporter Scheme
· Chapter 17: Transitional Provisions
· Chapter 18: Special Regimes
· Chapter 19: The Impact of GST on Law Practice
· Chapter 20: Registration and Deregistration
· Chapter 21: Tax Invoices and Receipts
· Chapter 22: Records, Returns and Payment
· Chapter 23: Assessments and Penal Tax
· Chapter 24: Tax Avoidance
· Chapter 25: Interaction with Income Tax and Other Taxes
· Chapter 26: Objections and Appeals
· Chapter 27: Offences and Penalties
· Chapter 28: GST Administration and Collection