GST updates

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)

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