Рет қаралды 831
As a GST-registered business, you are required to file accurate and correct returns. Submitting an incorrect return is an offence and may be subject to penalties. In this series, we identify the common input tax errors made by businesses to help you avoid making the same mistakes when submitting your GST return. Find out the types of documents you should maintain when claiming GST in the first of this 4-part series.
Catch the full series at the links below!
Part 2: Know when input tax needs to be apportioned ( • Common GST Errors on I... )
Part 3: Do not claim disallowed input tax ( • Common GST Errors on I... )
Part 4: Claiming input tax accurately in the right period ( • Common GST Errors on I... )
Relevant Resources:
IRAS Webpage on Claiming Input Tax - www.iras.gov.s...
This information aims to provide a better general understanding of taxpayers’ tax obligations and is not intended to comprehensively address all possible tax issues that may arise. While every effort has been made to ensure that this information is consistent with existing law and practice, should there be any changes, IRAS reserves our right to vary our position accordingly.