Something about GST that you should be aware of

[waileong]

Good Vince. Maybe you can explain why IRAS officers don't go around prosecuting those who don't quote their prices in such a manner.

I'd be interested to know if they really intend to enforce it. Or only when there's complaints.

 

[vince123123]

I have no idea and I won't be able to explain because I dont work in IRAS.

Its probably the same as why NEA doesn't go around prosecuting those who smoke illegally until someone makes a complaint. Even after making a complaint, they sometimes still waffle around and you see the people back after a while.

I suppose you can write in to complain if you wish to get action taken. It will be very hard for them not to do anything if a formal written complaint is sent - at least this is my experiences with government bodies.

Good Vince. Maybe you can explain why IRAS officers don't go around prosecuting those who don't quote their prices in such a manner.

I'd be interested to know if they really intend to enforce it. Or only when there's complaints.

 

[AReality]

Okay first up, here's a link as to more IRAS guidelines as to what they actually mean (and it appears my initial interpretation is correct):

http://www.iras.gov.sg/ESVPortal/gst/gst_c.7.3_price+display+for+goods+and+services.asp

Now, on to whether these guides are supported in law.

I've included an extract from the Goods and Services Tax (General) Regulations which supports the above guidelines as follows:


Price to include tax
77. —(1) Where any taxable person displays, advertises, publishes or quotes in any manner the price of any supply of goods or services he makes or intends to make, such price shall include the tax that is chargeable on the supply under the Act unless the Comptroller approves otherwise under regulation 78.
(2) Paragraph (1) shall not apply to any display, advertisement, publication or quotation which is intended solely for the purpose of making the supply to a taxable person and which is in a form not ordinarily available for distribution to the public. Exemption
78. —(1) Any taxable person who desires to be exempted from the requirement under regulation 77, shall apply to the Comptroller in such form and manner as the Comptroller may determine.
(2) The Comptroller may, if he thinks fit, approve in writing the application, subject to such conditions as he may impose.
(3) The Comptroller may, for reasonable cause, at any time revoke any approval granted under paragraph (2). Hope the above helps explain a bit more.

Hey bro vince, do us a favour?
Translate to english?


.

 

[vince123123]

The simple English version can be found at the link that I posted - those are the IRAS guidelines which are based on the Regulations.

 

[bartman]

Based on this sentence from the IRAS website :
http://www.iras.gov.sg/ESVPortal/gst/gst_c.7.3_price+display+for+goods+and+services.asp


"Failure to display GST-inclusive prices to the public is an offence and carries a penalty." be it
1. Displayed;
2. Advertised;
3. Published; and Quoted verbally or in writing.

So, whenever you are asking prices(of products) from any retailers(GST-registered), they have to quote the price with GST. Failure to do so is an offense.


I wonder what the penalty might be :dunno:..............anyone from IRAS can help to find out?

 

[vince123123]

No need to be from IRAS, the GST (General) Regulations state that failure to comply with Regulation 77 will render the person liable on conviction to a fine not exceeding $5,000 and in default of payment to imprisonment for a term not exceeding 6 months.

Based on this sentence from the IRAS website :
http://www.iras.gov.sg/ESVPortal/gst/gst_c.7.3_price+display+for+goods+and+services.asp


"Failure to display GST-inclusive prices to the public is an offence and carries a penalty." be it
1. Displayed;
2. Advertised;
3. Published; and Quoted verbally or in writing.

So, whenever you are asking prices(of products) from any retailers(GST-registered), they have to quote the price with GST. Failure to do so is an offense.


I wonder what the penalty might be :dunno:..............anyone from IRAS can help to find out?

 

[bartman]

No need to be from IRAS, the GST (General) Regulations state that failure to comply with Regulation 77 will render the person liable on conviction to a fine not exceeding $5,000 and in default of payment to imprisonment for a term not exceeding 6 months.

That's fast....

So, whenever we encounter retailers that quote us a price without GST, we just counter quote "failure to comply to Regulation 77 penalty" to them...:bsmilie:

 

[vince123123]

Heheh sure you can

That's fast....

So, whenever we encounter retailers that quote us a price without GST, we just counter quote "failure to comply to Regulation 77 penalty" to them...:bsmilie: