Managing GST Accounting & Audit Compliance in Singapore

02 December 2019, Monday - 03 December 2019, Tuesday

09.00AM - 05.00PM
60 Cecil Street, ISCA House, Singapore 049709

Details/ Promotion:
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Programme Synopsis

GST has already been implemented for more than 20 years in Singapore, and in 2016 a total of 211 million have been collected from GST audit out of 3201 cases. Faced with an increased risk for Businesses to be GST compliant, there is an urgent need to examine and understand GST issues that may be incorrectly treated or overlooked altogether by every GST registered businesses. 
We have specially designed this workshop to provide a clear understanding of the difference between GST concepts and Accounting treatments, as well as how to manage GST Risk. It will also provide insights on GST compliance and what is a good GST accounting system.  Finally, it will clear your doubts and equip you with skills to resolve GST uncertainties and prepare for GST Audit.

Programme Outline

Day 1
• Difference between the concept of Supply in Accounting treatment and GST compliance. 
• Challenges commonly faced in GST preparation using Manual Accounting System and Computerized Accounting System
• Impact of cash and credit transactions on Accounting treatment and GST Processes.
• An understanding of how GST affects the financial accounts

Day 2
• GST Documentation and record keeping
• Identification of common mistakes found in GST Audits conducted by IRAS
• GST Audit and reconciliation
• Preparation of GST return and introduction of GST Tax Codes.

About the Presenter(s)/ Trainer(s)

Dr Robin Chia

Dr Robin Chia is currently a Chartered Accountant in Malaysia, Singapore, Australia and United Kingdom and is also an ASEAN Certified Public Accountant. He is currently the Managing Director of a Public Accounting Corporation based in Singapore with international network. He was previously appointed as Adjunct Professor in few Chinese Universities and a Provincial Business Ambassador in the Republic of China. He specializes in tax and GST and possesses vast experience in dealing with the tax authorities over GST issues, rulings, audit and investigations on behalf of his clients. 

He has previously acted as business and IT adviser for many large international companies on the business documentation process and the managing of GST Audit in Malaysia. He was the Executive Director of GST and Business Advisory in Tricor Malaysia. He also pioneered in reforming GST Ready Cloud Accounting System in 2014 which is approved by Royal Customs Malaysia and is currently used in Singapore and Malaysia. Dr Robin Chia is currently the Managing Director of a digital investigation company in Singapore specializes in corporate fraud, due diligence and cyber security within ASEAN.

He is a frequent guest speaker for many professional bodies within South East Asia and has done extensive research on Accounting and Auditing Standards, Goods and Services Tax, Risk Management and Internal Audit, Corporate Fraud and Forensic Accounting. He has been invited to speak with the government and other institutions in Singapore, Malaysia, China, Hong Kong, Laos and Vietnam and has conducted numerous external training, seminars and workshops since 1996. He was also the past Chairman and GST Technical Advisor for RCCM GST Network in Malaysia whose members are either professional accountants in public or private sectors. Since 2014, Dr Robin Chia has been advising and provide training to his clients with regards to the process redesign and personal data compliance in Singapore.

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