Taxation Singapore

Singapore GST Compliance Handbook 2012/13

By CCH Tax Editors
CCH Singapore September 2012

Specifications

ISBN-13
9789814359511
Publisher
CCH Singapore
Publication
September 2012
Format
Paperback
Jurisdiction
Singapore ? Countri(es) for reference only

Details

The Singapore GST Compliance Handbook is a handy reference guide on GST compliance issues. Now in its second edition, it continues to be an essential guide for finance and accounting professionals and GST administrators. It helps readers to understand fundamental GST concepts, learn about the approaches and the underlying basis for compiling GST returns, and how to avoid common pitfalls in complying with GST.

CCH tax editors have enhanced the second edition of the Singapore GST Compliance Handbook with significant updates. The new edition takes into account regulatory changes highlighted in IRAS practice notes and departmental statements from June 2011 to July 2012 as well as Budget 2012 changes.

To help readers achieve better compliance, a new chapter ‘Managing of Compliance for GST’ covers key topics – GST Assisted Self-Help Kit, GST Assisted Compliance Assurance Programme, Voluntary Disclosure Programme and Advance Ruling System has been added.

Features:

• Best Practice: Provides guidance on GST treatments that are in compliance with the tax law and IRAS regulations and guidelines.
• Improves Compliance: Readers are guided through complex areas of GST application and guided to make proper tax filing.
• Clear Explanations: Clear commentary on the rules, law and practice governing GST in Singapore help readers understand how to apply GST. Illustrations, checklists and references to relevant legislation and IRAS guidelines further aids understanding.

Table of Contents

• Features and Checklists
• Outline of Goods and Services Tax
• Supply, Time, Place and Value
• Input Tax and Output Tax
• Exempt Supplies
• Partial Exemption
• Zero-Rated Supplies
• Imports of Goods
• Imports of Services — “Reverse Charge” Scheme
• Margin Scheme
• Bad Debt Relief
• Special Cases
• Other Specific Cases
• Accounting for Goods and Services Tax
• Managing of Compliance for Goods and Services Tax
• Invoices and Records
• Returns and Payment of Tax
• Offences and Penalties

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