top of page
  • Writer's pictureChoon Ng

Fradulent claims land man in 8-week jail and $127K fine

A sole proprietor, Lau Giang Boon Eric (“Lau”) was sentenced to 8 weeks’ jail and fined $127,170. Lau had made fictitious entries in his GST returns and fraudulently claimed $42,390 in GST refunds.

Lau is the sole-proprietor of Xcellence Comm, which was in the business of import, export, distribution, sales and servicing of IT and computer equipment. Lau had with wilful intent to defraud GST, inflated the input tax claims from 1 Apr 2007 to 31 Dec 2007, which resulted in net GST refund claims of $42,390.

IRAS takes a serious view of GST-registered businesses that wilfully make false claims for GST refunds or under-charge GST on sales. Claiming input tax on fictitious purchases is an offence. Offenders face a penalty of up to 3 times of the amount of tax undercharged and/or imprisonment up to 7 years.

Source: IRAS, 25 Oct 2012

7 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. 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

bottom of page