{"id":787,"date":"2018-09-29T13:21:28","date_gmt":"2018-09-29T05:21:28","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=787"},"modified":"2018-09-29T13:21:28","modified_gmt":"2018-09-29T05:21:28","slug":"responses-to-public-consultation-on-the-draft-gst-amendment-bill-2018","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2018\/09\/29\/responses-to-public-consultation-on-the-draft-gst-amendment-bill-2018\/","title":{"rendered":"Responses to Public Consultation on the draft GST (Amendment) Bill 2018"},"content":{"rendered":"<p class=\"hP\"><span style=\"color: #000000;\">On 27 September 2018, the Ministry of Finance has released a summary of responses to the public consultation on the draft Goods and Services Tax (Amendment) Bill 2018. 70 suggestions were received, of which 47 were accepted and revisions will be made to the draft Bill.<\/span><\/p>\n<p class=\"hP\"><span style=\"color: #000000;\">The feedback received pertained to the following changes:<\/span><\/p>\n<ul class=\"none\">\n<li class=\"hP none\"><span style=\"color: #000000;\">Introduce GST on imported services by way of Reverse Charge for B2B imported services, and an Overseas Vendor Registration (OVR) regime for B2C imported services<\/span>\n<ul>\n<li><span style=\"color: #000000;\">To simplify the record keeping requirements for overseas suppliers registered under the OVR regime. <\/span><\/li>\n<li><span style=\"color: #000000;\">To provide more information on specific tax rules, such as transitional<\/span><br \/>\n<span style=\"color: #000000;\">arrangements for supplies that straddle the implementation date for GST on imported services (1 Jan 2020), and the scope of services subject to reverse charge and OVR.<\/span><\/li>\n<\/ul>\n<\/li>\n<li class=\"hP none\"><span style=\"color: #000000;\">Enhance the Inland Revenue Authority of Singapore (IRAS)\u2019s powers to investigate tax crimes<br \/>\n<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">To provide guidance on the proposed amendments to reduce the likelihood of unwarranted attacks and invasion of privacy against a potentially innocent individual.<\/span><\/li>\n<li><span style=\"color: #000000;\">To clarify that the proposed arrest powers do not apply in situations where information requested is subject to legal privilege.<\/span><\/li>\n<\/ul>\n<\/li>\n<li class=\"hP none\"><span style=\"color: #000000;\">Counter unauthorised GST collection<\/span>\n<ul>\n<li><span style=\"color: #000000;\">To provide guidance on the circumstances in which the proposed penalties of unauthorised GST collection by GST-registered businesses will apply.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"hP\"><span style=\"color: #000000;\">Source: <i>MOF<\/i>, 29 September 2018<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 27 September 2018, the Ministry of Finance has released a summary of responses to the public consultation on the draft Goods and Services Tax (Amendment) Bill 2018. 70 suggestions were received, of which 47 were accepted and revisions will be made to the draft Bill. The feedback received pertained to the following changes: Introduce [&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-787","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\/787","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=787"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/787\/revisions"}],"predecessor-version":[{"id":788,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/787\/revisions\/788"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=787"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}