Choon NgSep 15, 20201 minGSTax Consultancy featured in "Best in Singapore"We chanced upon this feature and would like to thank the team at "Best in Singapore" for their vote of confidence and kind recognition. h...
Choon NgApr 6, 20201 minGST returns extended from 30 Apr to 11 May 2020In light of the latest measures that the government has introduced to combat COVID-19 last week, the filing due date for all GST returns ...
Choon NgJul 10, 20181 minIRAS releases new video on input taxCommon errors on input tax claims explained using an info video from IRAS Around 3,000 GST-registered businesses are selected by the IRA...
Choon NgJan 30, 20182 minClaiming GST on Expenses for Qualifying FundsFunds may incur GST when the fund procures services (e.g. fund management service) from GST-registered businesses. To simplify the rules ...
Choon NgJan 19, 20182 minCompany Director Convicted for Unlawful GST CollectionKumarselvam S/O Veejay Koumar (“Kumarselvam”), 31, who was a director of MV Global Trading Pte Ltd (“MV”), flouted the law when his compa...
Choon NgDec 21, 20173 minFined for GST Tourist Refund FraudTwo foreigners, a father and his son, were convicted of one GST offence each: Former Research Fellow Zhang Baicheng, aged 33, was convic...
Choon NgNov 21, 20173 minGST increase and 2020Increased social spending; Our budget in deficit. Solution: Raise taxes. What tax, you ask? GST comes to mind for most. Why talk of GST r...
Choon NgNov 16, 20172 minMore fraud cases - company director put in jailChen Juncun (“Chen”), a director of advertising firm Citrus Lab Pte Ltd (“CL”) and commercial printing firm Citrus Productions Pte Ltd (“...
Choon NgOct 20, 20172 minGST fraud - Businessman sentenced 24 weeksBusinessman Foo Tee Suan (“Foo”), who was the sole-proprietor of FTH Enterprise (“FTH”), partner of F&T Top System Enterprise (“F&T”) and...
Choon NgOct 6, 20174 minGST ASK - Trends and updatesSmart people learn from their mistakes. Geniuses learn from others. Adopting the GST Assisted Self-help Kit (ASK) for your business? Be a ge
Choon NgSep 15, 20171 minNew e-Tax guide on customer accounting for prescribed goodsCustomer accounting for certain prescribed goods will be implemented from 1 Jan 2019 to deter fraud schemes where the seller absconds wit...
Choon NgJul 21, 20172 minFormer Manager of Export Business Jailed for GST Fraud - Penalty Is More Than Half A MillionSuneel Ramchandani (“Suneel”), the former manager of Indibiz, an export business for luxury watches and electronic products, has been cha...
Choon NgJul 12, 20171 minClaiming GST Incurred Before GST RegistrationNewly GST registered? Do you know you can recover input tax incurred prior to your GST registration date? Maximise your GST claims. Find out
Choon NgJul 6, 20172 minDirector sentenced to 6 weeks’ jail and penalties for fraudulent GST claimsIRAS audit uncovers fraudulent claims Robofusion Asia Pte Ltd (“Robofusion”), a company that supplies robotic ice-cream kiosks, has been ...
Choon NgApr 26, 20173 minFine & Jail for Fraudulent GST Refund Claims and Money Laundering ChargesMore than 1,300 charges brought against five Five Indian nationals (“the accused persons”) – Karunanithi Saravanan (aged 36), Karunanidhi...
Choon NgFeb 27, 20172 minSubsidized Childcare Services & Training ServicesGST-registered businesses providing subsidized child care or training services are often unclear on the correct GST treatment to apply as...
Choon NgFeb 27, 20172 minDocuments to Support Out-of-scope SuppliesOut-of-scope supplies refer to supplies which fall outside the scope of the GST Act, such as third country sales of goods which do not en...
Choon NgFeb 27, 20171 minUpdate on definition of OMVOpen Market Value ("OMV") GST-registered businesses are required to account for output tax based on the Open Market Value ("OMV") of an ...
Choon NgFeb 21, 20171 minClaiming GST on Expenses for Qualifying FundsFunds may incur GST when the fund procures services (e.g. fund management service) from GST-registered businesses. To simplify the rules ...
Choon NgNov 17, 20161 minGST Relief - Importation of Medicinal Products and Therapeutic Products for Clinical TrialsGoods imported into Singapore are subject to 7% GST. However, GST relief is granted for medicinal products (including pharmaceutical prod...
