Singapore IRAS Updates e-Tax Guide on GST Advance Ruling System

• The Inland Revenue Authority of Singapore updated its e-Tax guide on the GST advance ruling system
• The updated guide was published on 15 July 2024
• The guide provides details on the GST advance ruling system and application procedures
• Taxpayers can apply for an advance ruling to get clarity on the application of GST Act provisions to specific transactions
• Advance rulings are legally binding on the Comptroller of GST
• The guide includes a new example illustrating scenarios where an advance ruling cannot be issued

Source: regfollower.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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