All GST-registered businesses, regardless of turnover , may adopt ASK on a voluntary basis. IRAS may also require businesses to adopt ASK for specified purposes e.g. in applying for GST schemes as specified. | For GST-registered businesses that: - Place importance on tax risk management as part of their corporate governance ; and
- Establish robust GST controls at three levels: Entity, Transaction and GST Reporting.
Participation in ACAP is entirely voluntary, depending on your readiness and needs. |