Goods and Services Tax

Goods and Services Tax, Halsbury's Laws of Singapore: Revenue and Taxation - Other Taxes (2018)

Posted: 16 Jun 2018

See all articles by Liu Hern Kuan

Liu Hern Kuan

Inland Revenue Authority of Singapore

Vincent Ooi

Singapore Management University - School of Law; Singapore Management University - Centre for AI & Data Governance

Date Written: April 1, 2018

Abstract

GST is a value added tax whereby tax is collected at each stage of the chain of production. The chain begins, for example, from the import of raw materials to manufacture and then when the finished product moves from distributor to retailer until it reaches the final consumer. In order that the same amount of tax is not collected over and over again, resulting in 'cascading', only the value added portion of the consideration or price is taxed. This is achieved by the input-output system whereby the taxable person only accounts for the difference between the input tax he pays and the output tax he collects.

Keywords: Goods and Services Tax; GST, Tax, Taxation, Revenue Law, Tax Law

Suggested Citation

Hern Kuan, Liu and Ooi, Vincent, Goods and Services Tax (April 1, 2018). Goods and Services Tax, Halsbury's Laws of Singapore: Revenue and Taxation - Other Taxes (2018). Available at SSRN: https://ssrn.com/abstract=3188819

Liu Hern Kuan

Inland Revenue Authority of Singapore ( email )

55 Newton Road
Revenue House
Singapore, 307987
Singapore
+65 6351 2030 (Phone)
+65 6351 2077 (Fax)

HOME PAGE: http://www.iras.gov.sg

Vincent Ooi (Contact Author)

Singapore Management University - School of Law ( email )

55 Armenian Street
Singapore, 179943
Singapore

HOME PAGE: http://law.smu.edu.sg/faculty/profile/156436/Vincent-OOI

Singapore Management University - Centre for AI & Data Governance ( email )

55 Armenian Street
Singapore
Singapore

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