- New guidance clarifies GST application for all construction services in Singapore, covering both residential and non-residential properties.
- Explains time-of-supply rules, including GST accounting for progress payments and retention sums.
- Provides guidance on GST treatment for counter-supplies, compensation payments, worker dormitory rental, security deposits vs. advance payments, and reimbursements vs. disbursements.
- Outlines conditions for input tax claims and highlights common GST reporting errors.
Source: kpmg.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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