{"id":867,"date":"2018-11-03T20:49:31","date_gmt":"2018-11-03T12:49:31","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=867"},"modified":"2019-04-08T07:31:59","modified_gmt":"2019-04-07T23:31:59","slug":"e-tax-guides-on-information-involving-hand-carried-exports-scheme-hces","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2018\/11\/03\/e-tax-guides-on-information-involving-hand-carried-exports-scheme-hces\/","title":{"rendered":"GST e-Tax Guide(s) on information involving Hand-Carried Exports Scheme (HCES)"},"content":{"rendered":"<p class=\"hP\"><span style=\"color: #000000;\">On 1 November 2018, the Inland Revenue Authority of Singapore (IRAS) has updated the following IRAS e-Tax Guide(s) on GST on information involving hand-carried goods under relating to the Hand-Carried Exports Scheme (HCES). <\/span><\/p>\n<p class=\"hP\"><span style=\"color: #000000;\">The following summarises these updates and amendments:<\/span><\/p>\n<ul class=\"none\">\n<li class=\"hP none\"><span style=\"color: #000000;\"><i>GST: Guide on Exports (Fifth Edition) which replaces the Fourth edition that was published on 1 July 2017<\/i> <\/span><\/li>\n<\/ul>\n<p style=\"padding-left: 60px;\"><span style=\"color: #000000;\">The aim of this e-Tax Guide is to provide details on the various circumstances and documentary requirements for which a supply of goods can be zero-rated. It aims to provide general guidance to assist GST-registered businesses to comply with the zero-rating provisions on exports of goods.<\/span><\/p>\n<p style=\"padding-left: 60px;\"><span style=\"color: #000000;\">Updated the transport document under paragraph (c) of Scenario 8.1B to specify the compulsory personal details of carrier to be shown in the extract of carrier\u2019s passport.<\/span><\/p>\n<p style=\"padding-left: 60px;\"><span style=\"color: #000000;\">Updated the format of \u201cDeclaration of Carrier for Goods Hand-carried out of Singapore by Individual Carrier\u201d and removed NRIC\/ FIN number of carrier from the Declaration in Appendix 1.<\/span><\/p>\n<ul class=\"none\">\n<li class=\"hP none\"><span style=\"color: #000000;\"><i>GST: Guide on Hand-Carried Exports Scheme (Second Edition) which replaces the First edition that was published on 30 September 2013<\/i> <\/span><\/li>\n<\/ul>\n<p style=\"padding-left: 60px;\"><span style=\"color: #000000;\">The aim of this e-Tax Guide sets out the types of documentary evidence required for goods hand-carried out of Singapore via Changi International Airport, to be zero-rated for GST purposes.<\/span><\/p>\n<p style=\"padding-left: 60px;\"><span style=\"color: #000000;\">Updated paragraph 4.4.1 to include the evidence of payment received from the overseas customer as one of the compulsory documents to be maintained by supplier to qualify for zero-rating of hand-carried goods under the HCES with effect from 1 Jan 2019.<\/span><\/p>\n<p style=\"padding-left: 60px;\"><span style=\"color: #000000;\">Updated Appendix 2 to specify the supporting documents required to be maintained with effect from 1 Jan 2019 by suppliers who are exempted from the HCES.<\/span><\/p>\n<p style=\"padding-left: 60px;\"><span style=\"color: #000000;\">Amended the \u201cGST F17 Application for Exemption from Hand-carried Exports Scheme\u201d in Appendix 1.<\/span><br \/>\n<span style=\"color: #000000;\">Updated the format of \u201cDeclaration of Carrier for Goods Hand-carried out of Singapore by Individual Carrier\u201d and removed NRIC\/ FIN number of carrier from the Declaration in Appendix 3.<\/span><\/p>\n<ul class=\"none\">\n<li class=\"hP none\"><span style=\"color: #000000;\"><i>GST: GST and the Gold Jewellery Industry&nbsp;(Second Edition) which replaces the First edition that was published on 9 June 2014<\/i> <\/span><\/li>\n<\/ul>\n<p style=\"padding-left: 60px;\"><span style=\"color: #000000;\">The purpose of this e-Tax guide is to:<\/span><br \/>\n<span style=\"color: #000000;\">(a) explain the GST principles applicable to the gold jewellery industry; and<\/span><br \/>\n<span style=\"color: #000000;\">(b) illustrate with examples how GST should be accounted for some of the common scenarios applicable to the gold jewellery industry.<\/span><\/p>\n<p style=\"padding-left: 60px;\"><span style=\"color: #000000;\">Updated paragraph 4.1.1 to include the evidence of payment received from the overseas customer as one of the compulsory documents to be maintained by supplier to qualify for zero-rating of hand-carried goods under the HCES with effect from 1 Jan 2019. <\/span><\/p>\n<p style=\"padding-left: 60px;\"><span style=\"color: #000000;\">The Chinese version of this guide has also been updated.<\/span><\/p>\n<p><span style=\"color: #000000;\">Source: <i>IRAS<\/i>, 3 November 2018<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 1 November 2018, the Inland Revenue Authority of Singapore (IRAS) has updated the following IRAS e-Tax Guide(s) on GST on information involving hand-carried goods under relating to the Hand-Carried Exports Scheme (HCES). The following summarises these updates and amendments: GST: Guide on Exports (Fifth Edition) which replaces the Fourth edition that was published on [&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-867","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\/867","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=867"}],"version-history":[{"count":3,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/867\/revisions"}],"predecessor-version":[{"id":973,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/867\/revisions\/973"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=867"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}