Optimising Cash Flow and GST Reporting through Import GST Suspension Schemes and Simplified Import Management Tool

Join us for our upcoming seminar, where we explore how to leverage import GST suspension schemes to enhance your business’s cash flow and simplified management tool to streamline GST reporting. In collaboration with CrimsonLogic and partnering with the Association of Process Industry (ASPRI) and the Association of Singapore Marine & Offshore Energy Industries (ASMI), this session is designed to help you transform your GST approach to achieve better cash flow management whilst ensuring overall GST compliance.

Why Attend?

When your business is GST-registered, import GST can typically be reclaimed as input tax credits. However, this may present cash flow challenges, especially for companies heavily involved in export sales, where no GST is collected to offset the initial costs. Understanding and applying import suspension schemes like the Major Exporter Scheme (MES) or the Import GST Deferment Scheme (IGDS) can help mitigate these challenges.

Key Highlights

• Deep Dive into Import GST Suspension Schemes
  Gain a comprehensive understanding of GST common schemes like MES and IGDS and how they can be leveraged to enhance liquidity and channel savings towards core operations or business expansion.
• Enhance GST Reporting with Simplified Import Management Tool
  Learn how to integrate the Simplified Import Management tool to facilitate reporting processes and improve overall GST compliance.

Programme 

• Overview of various GST schemes and the benefits
• Identify scenarios where you might have unknowingly acted as a “GST Agent” 
• Discover common pitfalls leading to GST overpayments 
• Introduction to CrimsonLogic Permit Reconciliation Report (PRR)
• Demonstration on PPR to enhance GST reporting

Who Should Attend?

• Business owners and CFOs looking to optimise cash flow
• Compliance managers focusing on GST compliance
• Finance professionals handling GST reporting
• Personnels from Operations, Sales and Logistics involving in imports and exports

Event Details

Date/Time

9 January 2025, 10:30 am to 12:00 pm

Venue:
Training Room, Trade Association Hub Jurong Townhall
9 Jurong Town Hall Road. Singapore 609431

Fees:
Complimentary (note: maximum of two persons per organisation)

Don’t miss this opportunity to transform your GST approach and take your business’s cash flow management to the next level. Register now to secure your spot!



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The organiser reserves the right to change the date, venue and programme due to circumstances outside our control. You will receive the confirmation note via email (nearer the date) when your registration is confirmed.