This alert provides a summary of a number of recent GST updates.
This alert provides a summary of the following Goods and Services Tax (GST) updates:
- Updates on transitional rules and Frequently Asked Questions (FAQs) for the upcoming GST rate change with effect from 1 January 2024
- Extension of the one-time waiver of penalties for non-willful GST errors voluntarily disclosed under the Assisted Compliance Assurance Programme (ACAP) Review
- Revised fixed recovery rate for prescribed funds (from 1 January 2024 to 31 December 2024)