top of page
Search
  • Writer's pictureChoon Ng
    • Sep 15, 2017
    • 1 min read

New e-Tax guide on customer accounting for prescribed goods


Customer accounting for certain prescribed goods will be implemented from 1 Jan 2019 to deter fraud schemes where the seller absconds with the GST collected, but businesses further down the supply chain continue to claim the input tax.

It will be applicable to supplies of mobile phones, memory cards and off-the-shelf software, which are commonly used in these fraud schemes. The guide explains how businesses would apply customer accounting for transactions in mobile phones, memory cards and off-the-shelf software (“prescribed goods”).

For more information, please refer to the guide here:

https://www.iras.gov.sg/irashome/uploadedFiles/IRASHome/e-Tax_Guides/etaxguide_GST_%20Customer_Accounting_for_Prescribed_Goods.pdf


39 views0 comments

Recent Posts

See All

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

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

bottom of page