ASK is a comprehensive self-assessment compliance package that aids businesses to review the correctness of their GST submissions and discover past GST errors early so as to qualify for IRAS’ Voluntary Disclosure Programme.
ASK helps businesses, especially those who have just registered for GST or are filing GST for the first time, to self-assess their GST submissions and to discover past GST errors early.
ASK is a self-assessment package that focuses on three key aspects:
Find out more about ASK Annual Review.
GST-registered businesses may adopt ASK on a voluntary basis.
Conducting ASK is compulsory when you are applying for or renewing these GST Schemes.
ASK is compulsory when you are applying for the following GST Schemes:
ASK is compulsory when you are renewing the following GST Schemes:
One of the qualifying conditions for these GST schemes is that businesses have to perform a self-review using ASK and submit the ASK: Declaration Form on Completing Annual Review & Voluntary Disclosure of Errors (55KB).
The ASK Annual Review must either be performed by:
The ATA (GST) or ATP (GST) may either be an in-house staff or external party. Your staff may apply to be an accredited tax professional with the SIATP if he meets the requirements of passing the relevant examinations and having acquired the relevant experience.
SIATP is a tax accreditation body jointly established by the Institute of Certified Public Accountants of Singapore and the Tax Academy of Singapore. An Accredited Tax Advisor or Accredited Tax Practitioner with the SIATP would have the expertise and experience to assist businesses to better manage their tax affairs.
For more information on accreditation, please visit www.siatp.org.sg.
You will enjoy the following benefits: