I agree with Jalbir Singh that the Goods and Services Tax is a more efficient tax system than the Sales and Services Tax (SST). Under normal business circumstances, input tax credits are refunded by the Inland Authority of Singapore to businesses who export goods. This was a drastic move since it effectively shifts the burden of auditing GST-registered suppliers to GST-registered businesses. > Input tax will be denied if “you knew or should have known to be part of an arrangement to cause loss of public revenue”. Failing to do so means the Tax Authority can deny input tax claims.
