Course Overview

GST has already been implemented for more than 20 years now, and yet many GST traders are still making many mistakes. This workshop aims to provide participants with the basic knowledge on GST concepts as well as the rules and regulations in Singapore. It will also help them avoid potential pitfalls and appreciate the potential GST issues that will accompany almost every business transaction. The penalties for not getting GST right can be costly to businesses and hence should not be ignored.

Training Duration Total Training Hours : 30 Hours
Training Duration : 1 Week
Total Training Days : 5 Working Days
Training Schedules Weekdays (Sunday to Thursday)
Regular Sessions : 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm)
Food & refreshments Included

WeekEnds (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9am to 5pm)
Food & refreshments Included

1) Certificate from Laurels Training Institute, Attested by Knowledge & Human Development Authority (KHDA) government of Dubai, UAE 

2) Certificate from American Institute of Professional Studies (AIPS) from USA (After 15 Days of course Completion which will couriered to the attendee’s office address) "

Tests Yes
Learning Aids Yes
Course Material Hard & Soft Copies of Study Material
Language of Instruction English
Instructor Helpline Yes
1. Email
2. Social Media (For Emergency requirements)
Registration Requirements 1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
Mode of Payment: Cash / Cheque / Credit Card / Bank Transfer.
Eligibility Criteria
(Who should attend this training)

Junior tax professionals and accountants who are involved in GST compliance work; and Non-tax professionals who want to achieve a higher appreciation of corporate tax laws, regulations and practice.

Course Benefits

Thorough knowledge and understanding of the following :

Cash Accounting Scheme

Discounted Sale Price Scheme

Gross Margin Scheme

Hand-Carried Exports Scheme

Import GST Deferment Scheme

Major Exporter Scheme

Tourist Refund Scheme

Zero GST Warehouse Scheme

Course Contents / Outline

Overview of GST System and How It Works

Key Concepts of GST including Types, Place, Time & Value of Supplies

Transfer of Going Concern

Claiming Input Tax Credits, including pre-registration input tax and bad debts relief

Fringe Benefits

Importation of Goods – Major Exporter Scheme and Import GST Deferment Scheme

Exports and International Services

Accounting for GST

Interaction between income tax and GST

Registration & Record Keeping

Tax Receipts and Invoices

Completing GST Forms and Returns

Common GST errors made by business

Advance Ruling System

Offences and Penalties

GST Assisted Self-Help Kit (ASK)

GST Assisted Compliance Assurance Program (ACAP)

Voluntary Disclosure Program (VDP)

Recent GST Changes
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