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Wendy Tee Leap Sing
Goods and Services Tax for Transitional Issues
A 1-Day Programme
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| Programme Outline |
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| › Brief overview of sales tax, service tax and GST |
- Repeal of Sales tax 1972 and service tax 1975
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| › Supplies made before and after 1 April 2015 |
- General
- Time of Supply Goods
- Time of Supply for Services
- Value of Supplies
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| › Specific transitional provisions in GST bill 2014 |
- Non-review contracts – the opportunity and risks
- Special refund of sales tax for goods on hand at 1 April 2015
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| › Analysis on transitional issues affecting revenue, acquisitions/inventory currents assets for: |
- Manufacturers who are presently sales tax licensed
- Manufacturers who are not presently sales tax licensed
- Merchandisers (retailers, wholesalers etc)
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| › Determination of Value of Supply |
- What is value of supply
- How to determination value of supply
- What is the impact on value of supply on GST
- Service providers who are presently service tax licensed
- Service providers who are not presently service tax licensed
- Return of goods, waiver of debt and bad debts
- Existing companies that become liable to register for GST at a date later than 1 April 2015
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| › An overview of how GST affect business activities |
- How GST may affect your support activities
- Tips in getting your systems ready for GST
- Importance of tax risk management policies and practices
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