IRAS revised GST: Assisted Self-Help Kit (ASK)Annual Review Guide

by | Jan 2, 2020 | Goods and Services Tax, Tech News

On or about 2 January 2020, the Inland Revenue Authority of Singapore (IRAS) has published the tenth edition of the e-Tax guide, GST: Assisted Self-Help Kit (ASK) Annual Review Guide. It replaces the ninth edition published on 24 September 2019.

This e-Tax Guide explains “Assisted Self-help Kit” (ASK) is a self-assessment package designed to facilitate voluntary compliance of GST-registered businesses.

The guide is essential for the GST-registered business who is undertaking the ASK review on a voluntary basis or as a requirement for specific purposes e.g. in the course of audit or application for or renewal of GST schemes.

The e-Tax guide has updated the following:

  • Consequential changes for implementation of Reverse Charge
    1. Inserted paragraphs 1(j), 1(k) and 3.2 of Step 3A
    2. Amended paragraphs 1(a), 2 and 3.1 of Step 3A
    3. Inserted paragraphs 1.3 and 3.5 of Step 3D
    4. Amended paragraph 2 of Step 3D
    5. Inserted paragraph 10.1(e)
    6. Amended paragraph 10.5 (Table 1 and Table 2)
    7. Inserted footnotes 14, 22
    8. Amended Appendices 1 and 2
  • Consequential changes for implementation of Overseas Vendor Regime Registration
    1. Inserted paragraphs 1(g), 1 (h) and 3.3 of Step 3A
    2. Amended paragraph 1(a), 2, 3.1
    3. Amended paragraph 10.5 (Table 1)
    4. Inserted footnotes 13, 15, 16, 19
    5. Amended Appendices 1 and 2
  • Consequential changes for implementation of Digital Payment Tokens
    1. Amended Step 3C, 3C-1
    2. Amended flowchart 1.2 of Step 3D
  • Amendments to paragraph 5.5.1 to advise taxpayer to rectify their errors immediately by submitting a consolidated GST F7 on per annum basis or next GST F5
  • Re-numbered previous paragraph 5.5.1 to 5.5.2
  • Amended paragraph 12.1 on contact information
  • Editorial changes
    1. Inserted paragraphs 1(e) and 1(f) for customer accounting
    2. Amended paragraph 2.1.iii under category “Goods which you have imported on behalf of your overseas principals under Section 33(2) or Section 33A of GST Act” (iii) Amended Appendix 1 for customer accounting errors

Source: IRAS website, 2 January 2020