GST reforms: GST is moving into the digital age and other remedials are proposed

  • Move away from paper-based record-keeping systems
  • Change to GST groups: Technical clarification and better M&A treatment for departing members
  • Property development remedials
  • GST sundry remedials:
    * Domestic transport
    * Nonresidents’ ability to claim import GST
    * Export of goods FOB: Zero-rated supplies extended to both residents and nonresidents
    * Zero-rated going concerns: Change of use
    * Apportionment agreements for all

Source: Deloitte