Practical complexities in a simple GST: GST Workshop 2021
Since 2015, the Inland Revenue Authority of Singapore (IRAS) has stepped up its GST compliance audits on large businesses across various industries. According to the IRAS, 77% of the businesses audited made GST errors and these errors could attract penalties of up to two times the tax underpaid and a 5% late payment penalty.
Based on the IRAS’ FY2019/20 annual report, S$180m in penalties and taxes were collected as a result of GST audits and investigations conducted by the IRAS – making up almost half the amount of penalties and taxes collected by the IRAS from audits and investigations conducted during the financial year.
To improve GST compliance and minimise GST errors and penalties, businesses should adopt a proactive approach by regularly reviewing their past GST returns to prevent, detect and rectify errors in a timely fashion.
Many GST errors arise due to a lack of knowledge of the GST rules and regulations. It is critical that the staff responsible for the company’s GST returns are equipped with the necessary GST knowledge.
This workshop provides an excellent platform to help participants keep abreast of GST legislative changes. It also provides valuable insights into common GST risk areas and errors and help participants improve GST compliance of the business.
Join us for updates and an in-depth analysis on the practical issues and problems that businesses face and how to better manage them. All participants will attend the main module on “Common GST issues” and they can choose any of the following optional modules:
- All about goods
- All about services
- Preparation of GST forms
Who should attend
Financial controllers, finance managers, accountants and accounting staff involved in the preparation of GST returns. Staff in operations, sales, logistics and administration have also benefited from our workshops.
Location EY Singapore, SG
Date 14 Jun 2021 - 17 Jun 2021
TimeVarious times, see schedule below
Workshop agenda |
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| Module 1: Common GST issues Monday, 14 June 2021 9:00 a.m. to 12:30 p.m. |
Module 2: All about goods Tuesday, 15 June 2021 9:00 a.m. to 12:30 p.m. |
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| Module 3: All about services Wednesday, 16 June 2021 9:00 a.m. to 12:30 p.m. |
Module 4: Preparation of GST forms Thursday, 17 June 2021 9:00 a.m. to 12:30 p.m. |
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Workshop fees |
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| Client, EY alumni or SCTP member | Public | |
| Common GST issues + 3 modules | S$640 | S$720 |
| Common GST issues + 2 modules | S$480 | S$540 |
| Common GST issues + 1 module | S$320 | S$360 |
| * Fees stated include GST | ||
A group discount of 10% applies to organisations registering three or more participants in one registration. For more information, please contact Chang Fang Qi at fang.qi.chang@sg.ey.com.
CPE hours
7 to 14 CPE hours, depending on choice of modules
Important notes
Please send your payment only after you have received confirmation of your registration. Joining instructions will be sent via email once payment has been received.
EY Corporate Advisors Pte. Ltd. reserves the right to cancel the seminar or amend the schedule, venue and speakers due to circumstances beyond our control. Registration is on a first-come-first-served basis. We regret that we cannot provide fee refunds, but changes in the personnel attending can be accommodated.
Please note that photographs, video and/or audio recordings (Materials) may be taken during the event. The EY member firms in Singapore may collect, use, reproduce, edit and/or share the Materials for its internal and external publications (which include magazines, newsletters and website), for publicity and marketing purposes, and/or for post-event communications with event attendees. All rights, title and interests in the Materials shall belong to EY.
The event is now over. Please contact us if you are interested to receive invites for future events.
