Search
  • Choon Ng

Man jailed for GST fraud and fined $79K


The Manager of a Singapore wholesale trading company was sentenced to a week’s jail and a penalty of almost $79,000. 39 year old Tan Seng Beng, Joseph had intently defrauded on GST by overstating the input tax of AFGB Pte Ltd, resulting in net GST refunds of $26,000 to the company. For abetting the company on the above, the penalty is 3 times the amount over-claimed.

IRAS takes a serious view of taxpayers who wilfully evade tax. Lower penalties will apply if taxpayers voluntarily disclosure their GST errors.


8 views0 comments

Recent Posts

See All

GSTax 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. https://www.bestinsingapore.co/best-tax-consultants-singapore/ A

GST returns extended from 30 Apr to 11 May 2020

In light of the latest measures that the government has introduced to combat COVID-19 last week, the filing due date for all GST returns due in Apr 2020 will be automatically extended to 11 May 2020.

IRAS releases new video on input tax

Common errors on input tax claims explained using an info video from IRAS Around 3,000 GST-registered businesses are selected by the IRAS for audit every year. The most common mistakes discovered are