04/06/2025
2/6/25
New/ Updated Content from IRAS, Goods and Services Tax
Current Areas of Audits
Mistakes Can Occur Even When Your GST Refund Claims Are Small
Filing a low-value GST refund claim does not mean your business is less likely to make mistakes. IRAS recently performed audit checks on businesses claiming low-value refund claims and our findings show that compliance errors may occur even when the refund amounts are of low-value.
5 Common Errors Discovered
Dormant businesses claiming input tax without making taxable supplies;
Claiming input tax without valid tax invoices or import permits;
Claiming input tax on disallowed expenses e.g. motor car expenses, medical expenses;
Claiming input tax on personal expenses; and
Incomplete documentation to support zero-rated export transactions.
Take Action Now!
Conduct a thorough review of your past GST submissions to ensure that you have complied with GST rules. Discover GST errors early to qualify for IRAS' Voluntary Disclosure Programme for reduced penalties.
IRAS has updated our webpage (www.iras.gov.sg > Taxes > Goods & Services Tax (GST) > Getting It Right > GST Audits by IRAS > Current Areas of Audits) to include businesses filing low-value GST refund claims as a current area of audit.
Inland Revenue Authority of Singapore (IRAS) is the Government agency responsible for the administration of taxes and enterprise disbursement schemes.
