GST Overview

• Participants attempt given quizzes to test their underpinning knowledge
• Case study

Scope Of GST

• Made in Singapore
• Made in the course or furtherance of any business
• Made by a taxable person
• Discussion – Why these four conditions are important for determining the scope of GST

Scope Of GST – Place

• Pop Quizzes
• Discussion – How “Made in Singapore” is applicable to their businesses

Scope Of GST – Business

Scope Of GST – Person

Scope Of GST – Supply

• Supply Types (Standard-rated, Zero-rated, Exempt supply, Out of scope, Deemed Supply)
• Review on your business

Timing Of Supply

Input Tax

• Local supplies
• Import

Let’s Examine Transactions

• Fringe benefits
• Secondments of staff
• Electronic commerce transactions
• Disbursements and reimbursements
• Free usage of business premises by third party
• Bad debts written off or recovered
• Sale of second-hand goods