ISCA Audit Programme: Good and Services Tax
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DATE
Tue, 14 December 2021 14 December 2021
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TIME
10am to 12pm
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CPE HOURS
2
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LOCATION
Webinar
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FEE (inclusive of GST)
Complimentary (for statutory auditors, up to 2 pax per audit firm); $128 (for public);
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PAYMENT METHODS
PayNow, Bank Transfer or Cheque
As a statutory auditor, how often have you heard your clients asking “Why didn’t you highlight to me that I have a GST issue?” or “The IRAS has discovered many non-compliance issues with my GST during their audit, did you pick it up during your statutory audit?”
No one knows everything under the sun except for, perhaps, Google. The Institute of Singapore Chartered Accountants (ISCA) has a specific audit programme for GST and within the ISCA audit programme, there is a GST Compliance Checklist. The GST Compliance Checklist lays out the common points to be considered when reviewing GST and its objective is “to check that all GST liabilities are correctly included in the accounts” from a statutory audit perspective.
BUT, how many auditors understand the following questions in the GST Compliance Checklist?
Partial exemption
Check if entity allowed to apply partial exemption provision under the GST Act:
(a) Is exempt input tax below the De Minimis limit if no restriction of input GST made?
(b) Is the annual adjustment carried out correctly?
(c) Are special methods formally agreed with the Comptroller?
Join us in this complimentary GST webinar tailored to statutory auditors. This 2-hour webinar will cover the following topics:
- Audit procedures on GST account
- When should you complete the GST Compliance Checklist?
- Things to look out for when completing the GST Compliance Checklist, including:
- Different types of registration
- Partial exemption and its implications
- GST on property sales and development
- GST schemes mentioned in the GST Compliance Checklist
If you need any clarifications on whether you're eligible for the complimentary webinar, please do not hesitate to contact us.
Trainer Profile
With more than 20 years of practical GST experience gained from working at Inland Revenue Authority of Singapore as a tax auditor and big four accounting firm (PwC) as a tax advisor, Eddie is the subject matter expert you go to when you need advice on goods and services tax (“GST”) matters.
He is an accredited tax advisor (GST) with Singapore Chartered Tax Professional and he speaks regularly at public GST workshop and seminars. The primary objective of conducting workshop and seminars is to share the knowledge gained from his experience and his long term goal is to digitalise the knowledge so that it can be easily accessed by others.
Eddie is a GST advisor by profession and he finds joy in solving your GST problem. Having led 43 multi-national companies to Assisted Compliance Assurance Programme (“ACAP”) premium status, he now advises clients on the best practices that should be in place to prevent and detect GST errors.
