GST Assisted Self-Help Kits (GST ASK)

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It is not uncommon to have errors in GST reporting. Errors may occur at the transaction point or reporting point. Incorrect treatment of chargeable, exempted or zero-rated supplies made, may result in transaction errors. Miscomputation or incorrect recording of values from source documents may result in reporting errors.

In order to ensure an error free GST compliance, the Inland Revenue Authority of Singapore (IRAS) introduced the GST Assisted Self-help Kit (ASK) initiative in April 2010 as a self-assessment package to help GST-registered businesses (GRBs).

IRAS Assisted Self-Help Kits (GST ASK)

Establishment of Onshore and Offshore Companies, or Representative Offices.
Provision of Nominee Directors and Shareholders.
Application for Working Passes for Expatriates.
Assistance in search for Office Premises and Recruitment of Staff.
General & Office Administration.
Business Process Management.

Benefits of adopting ASK

Is IRAS ASK Certification Mandatory?

ASK is compulsory when you are applying or renewing for the following GST Schemes:

New Applications

Import GST Deferment Scheme (IGDS);
Major Exporter Scheme (MES);
Approved Contract Manufacturer and Trader (ACMT) Scheme;
Approved Marine Customer Scheme (AMCS);
Approved Refiner and Consolidator Scheme (ARCS);
Approved Import GST Suspension Scheme (AISS); or
Approved Third Party Logistics (3PL) Company Scheme.

Renewals

ASK Annual Review

One of the qualifying conditions for these GST schemes is that businesses have to perform a self-review using ASK and submit the ASK: Declaration Form on Completing Annual Review & Voluntary Disclosure of Errors.

The ASK Annual Review must either be performed by:

An individual accredited with Singapore Institute of Accredited Tax Professionals (“SIATP”) as Accredited Tax Advisor (GST) [ ATA (GST) | or Accredited  Tax Practitioner (GST) [ATP (GST)] or
The GST-registered business and certified by an individual accredited with SIATP as ATA (GST) or ATP (GST), in adherence to the certification procedures set out in the Assisted Help Kit (‘ASK’) Annual Review Guide.

The ATA (GST) or ATP (GST) may either be an in-house staff or external party. Your staff may apply to be an accredited tax professional with the SIATP if he meets the requirements of passing the relevant examinations and having acquired the relevant experience.

We are accredited with Singapore Institute of Accredited Tax Professionals (“SIATP”) as Accredited Tax Advisor (GST) [ATA (GST)] is able to perform the GST ASK Review annually and ensure your GST compliance as well as help you fulfill the requirements to apply or renew for specific GST Schemes.

Major Exporter Scheme (MES)

JDT can offer advisory and certification services to GST registered clients who wish to apply for and/or renew their Major Exporter Scheme (MES).

Why Engage Us?

JDT can offer advisory and certification services to GST registered clients who wish to apply for and/or renew their Major Exporter Scheme (MES).

What is MES?

GST is charged on nearly all supplies of goods and services in Singapore and on the importation of most goods into Singapore. Singapore Customs collects GST at the point of importation. On the other hand, MES is a scheme whereby GST payment is suspended at the point of importation of goods. MES businesses are allowed to import non-dutiable goods without paying GST to the Singapore Customs.

MES Certification

GST registered businesses applying for and/or renewing their MES, will have to submit a Declaration Form on “Completing Annual Review & Voluntary Disclosure of Errors”. Such declaration has to be certified by a tax professional who are either “Accredited Tax Practitioners” or “Accredited Tax Advisors”.

JDT has its own in-house Accredited Tax Advisor to assist you in the certification so as to meet the regulators’ requirements.

Others

Tax Advisory Services with respect to setting up operations in Singapore
Negotiation of tax incentives with relevant authorities
Optimizing use of tax incentives and exemptions
Negotiation and dispute resolution with the tax authorities

Frequently Asked Questions

Are you accredited to perform the GST ASK Review?

Can you help me minimise my tax bill?

Absolutely! Our tax planning services can help you identify legitimate deductions and credits to reduce your tax liability. We’ll work with you to develop a tax-efficient strategy that considers your unique financial situation.

What are the benefits of using a professional tax service?

Tax laws can be complex and ever-changing. JDT Management stays up-to-date on the latest tax regulations to ensure you’re taking advantage of all available benefits. We can also save you valuable time and effort by handling all the paperwork and calculations for you.

How much do your taxation services cost?

Our fees are transparent and competitive. We offer a variety of pricing options to suit your needs and budget. Contact us today for a free consultation to discuss your specific requirements.

What documents do I need to provide for tax preparation?

The documents you’ll need to provide will vary depending on your individual circumstances. However, common items include income statements, receipts for deductible expenses, investment records, and proof of dependents. Our team will guide you through the process and ensure you have everything necessary to file your tax return accurately.

How can I get started with your GST ASK services?

Contact us by phone email, or schedule a free consultation online. We’re happy to discuss your GST ASK needs and answer any questions you may have.

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