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Common GST Errors on Input Tax Claims – Claims that need to be apportioned (Part 2)
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As a GST-registered business, you are required to file accurate and correct returns. Submitting an incorrect return is an offence and may be subject to penalties. In this series, we identify the common input tax errors made by businesses to help you avoid making the same mistakes when submitting your GST return. Find out when you may need to apportion your input tax claims in the second of this 4-part series.
Catch the full series at the links below!
Relevant Resources:
This information aims to provide a better general understanding of taxpayers’ tax obligations and is not intended to comprehensively address all possible tax issues that may arise. While every effort has been made to ensure that this information is consistent with existing law and practice, should there be any changes, IRAS reserves our right to vary our position accordingly.
Catch the full series at the links below!
Relevant Resources:
This information aims to provide a better general understanding of taxpayers’ tax obligations and is not intended to comprehensively address all possible tax issues that may arise. While every effort has been made to ensure that this information is consistent with existing law and practice, should there be any changes, IRAS reserves our right to vary our position accordingly.