GST: Guide Due Diligence Checks to Avoid Being Involved in Missing Trader Fraud

This guide explains how businesses may recognise and respond to the risk
indicators for a Missing Trader Fraud (“MTF”) arrangement, as well as how
the Knowledge Principle1 may apply to deny a GST-registered business’
input tax claims.

The examples in this guide are not exhaustive. Depending on the profile of
your business and your transactions, you should undertake adequate and
appropriate due diligence checks in a risk-based and proportionate manner
to avoid being involved in MTF arrangements.

You should read this guide if you are or will be a GST-registered business so
that you can implement practical preventive and detection measures to avoid
being involved in MTF arrangements.

Source: gov.sg

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