{"id":601,"date":"2018-07-12T07:56:38","date_gmt":"2018-07-11T23:56:38","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=601"},"modified":"2018-07-12T15:26:03","modified_gmt":"2018-07-12T07:26:03","slug":"partial-exempt-input-tax-recovery-calculator","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2018\/07\/12\/partial-exempt-input-tax-recovery-calculator\/","title":{"rendered":"Partial Exempt Input Tax Recovery Calculator"},"content":{"rendered":"<p><span style=\"color: #000000;\">Input tax incurred in the making of exempt supplies is not claimable generally except if the De Minimis Rule is satisfied. The De Minimis Rule allows GST-registered businesses to claim input tax on exempt supplies.<\/span><\/p>\n<p class=\"hP\"><span style=\"color: #000000;\">On 10 July 2018, the Inland Revenue Authority of Singapore (IRAS) has made available a new calculator for partially exempt businesses to compute the amount of input tax claimable for each accounting period and input tax adjustment for the longer period. <\/span><\/p>\n<p class=\"hP\"><span style=\"color: #000000;\">This calculator is designed for only one longer period and GST group registrants may use the consolidated figures for all entries within the group for each quarter.<\/span><\/p>\n<p class=\"hP\"><span style=\"color: #000000;\">The calculator is for businesses that are under quarterly filing only. It is not applicable for businesses that have obtained approval to use a special\/fixed input tax recovery formula.<\/span><\/p>\n<p class=\"hP\"><span style=\"color: #000000;\">The calculator (ver. 1) can be accessed from the IRAS website.<\/span><\/p>\n<p class=\"hP\"><span style=\"color: #000000;\">Source:, <i><a style=\"color: #000000;\" href=\"https:\/\/www.iras.gov.sg\/irashome\/Quick-Links\/Calculators\/#GST_calculators\" target=\"_blank\" rel=\"noopener\">I<\/a>R<a style=\"color: #000000;\" href=\"https:\/\/www.iras.gov.sg\/irashome\/Quick-Links\/Calculators\/#GST_calculators\" target=\"_blank\" rel=\"noopener\">AS<\/a><\/i>, 12 July 2018<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Input tax incurred in the making of exempt supplies is not claimable generally except if the De Minimis Rule is satisfied. The De Minimis Rule allows GST-registered businesses to claim input tax on exempt supplies. On 10 July 2018, the Inland Revenue Authority of Singapore (IRAS) has made available a new calculator for partially exempt [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9,6],"tags":[],"class_list":["post-601","post","type-post","status-publish","format-standard","hentry","category-gst","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=601"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/601\/revisions"}],"predecessor-version":[{"id":602,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/601\/revisions\/602"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=601"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}