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Recovery of GST Incurred on Purchases: For Accounts Payable Function

Expert Speaker Catherine Chiang

$650.00 (including GST)



Sound and practical understanding of input tax recovery rules is imperative to deliver optimal GST recovery/claims on purchases whilst mitigating the risk of penalties. With a clear understanding of these rules, you will know how to examine the conditions that determine when GST can be recovered and how to correctly post the accounting entries for purchases by applying the correct tax treatment for each transaction.

This programme is part of the Corporate Practice Series, designed specifically for the accounts payable function and accountants. This workshop will use practical examples to provide clarity to key areas of concern on recovery of GST on purchases.

What You Will Learn

At the end of this workshop, you will:

  • Gain step by step guidance to understanding the conditions for your business to recover GST incurred on purchases
  • Better understand when to claim and when not to claim GST for your purchases
  • Appreciate the GST rules on purchases: Input tax recovery conditions, deemed output tax, fringe benefits and business expenses

Programme Outline

Basic Principles

  • Mechanics of GST
  • Basic GST concepts

- Different types of supplies / purchases

- Standard-rated, zero-rated and exempt supplies

Input Tax Recovery Rules

  • Conditions
  • Purchase GST that cannot be claimed

When GST Can Be Claimed

  • Time of claiming
  • Evidence needed to claim GST
  • Tax invoice
  • Simplified invoice
  • Import permit
  • Purchases by employees

How Much GST To Claim

  • De-minimis rule
  • Attribution / apportionment
  • The impact of partial exemption
  • Credit notes received for discount / returns / rebates

Specific Expenses

  • Gifts
  • Fringe benefits
  • Business entertainment 

Expert Speaker

Catherine Chiang is a Senior Consultant (GST) in Consul Biz Consultancy Services. She has previously spent 6 years in the IRAS, handling GST and Income Tax audit and almost 10 years with 2 of the Big Four international accounting firms, specialising in GST compliance and advisory work. During this period, she has accumulated extensive experience in performing GST prudential reviews, GST consultancy, GST compliance, GST audits and GST training for clients. Catherine has a Bachelor of Accountancy (Honours) degree from the National University of Singapore. She is an Accredited Tax Advisor (GST) registered with the Singapore Institute of Accredited Tax Professionals and a member of the Institute of Singapore Chartered Accountants. Catherine is also an ACTA certified Trainer.

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Prices shown are in SGD and inclusive of 7% GST but do not include handling & shipping (if applicable)
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