GST collection has hit another high based on the IRAS latest annual report. Do you know how much GST was collected for 1 April 2011 to 31 March 2012? Was it: (A) $8.2 million? (B) $8.7 billion? (C) $12.1 billion? To find out the answer, subscribe and receive your free copy of GST Pu!se here.
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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.
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