IRAS has enhanced the ASK, principally, on Sections 1 & 2 of the ASK such that it is now easier to complete these 2 sections. Section 3 of the ASK remains the same with cosmetic updates to the templates. For Section 1: - It takes between 15 - 20 minutes to complete and comprises 4 modules. - It also has a percentage of completion "bar" at the top of the page. Our comments: There is a nifty score at the end and a summary of the issues / gaps for enhancement. This summary is a
GST Pu!se Special Edition: "Survival Guide for the Major Exporter Scheme (MES)" will be released next month.
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What is it about?
It is Major Exporter Scheme (MES) peak season again! Unlike the previous renewals (where only a checklist was required), you are now required to use the IRAS Assisted Self-help Kit (ASK).
Fret not, as we share with you quick tips based on our experience in helping our clients renew their MES statuses thus fa
Our latest GST Pu!se - Survival Guide for the Major Exporter Scheme (MES) is published on SIATP's website. We provide quick tips on how to survive the new MES renewal process using the IRAS Assisted Self-help Kit (ASK). Specifically, the link can be found at: http://www.siatp.org.sg/images/PDF/survivalguideformes.pdf If you need assistance with your MES renewal or application, please do not hesitate to contact us at Tel: 6652 5509 or email GSTPulse@GSTaxConsultancy.com #mes #
GSTax Consultancy has written to the IRAS on the ASK PFC to clarify on certain anomalies in the checklist. Below is an extract of the email to the IRAS: "In light of the expanded use of ASK for the application of certain GST schemes from 1 Jan 2013, and the question posed to GST traders on the use of ASK PFC for filing of GST returns, we understand the growing importance of ASK as a tool to aid GST traders in their GST compliance. In the course of helping our clients in using
The GST Assisted Self-help Kit (ASK) is a self-assessment package for GST-registered businesses to manage their GST compliance.
From 1 January 2013, the ASK declaration form has to be certified by either: (a) Your own in-house staff; or (b) External tax professional, who is accredited as an Accredited Tax Practitioner (GST) or Accredited Tax Advisor (GST) with the Singapore Institute of Accredited Tax Professionals ("SIATP").
Further, the completion of the ASK is required