SINGAPORE: The public's feedback on proposed changes to the GST Bill is wanted, according to a press release by the Ministry of Finance on Monday (Jul 13).
Three changes were proposed in the draft GST (Amendment) Bill 2015:
- Allowing the Comptroller of GST to impose a Travel Restriction Order on a person who fails to repay a tourist refund wrongly claimed under the Tourist Refund Scheme
- Revising the definition of "aircraft", so as to zero-rate (GST is charged at 0 per cent) supplies of and supplies relating to aircraft that are used for international travel and international transportation of passengers and goods
- Clarifying the scope of zero-rating in relation to merchandise for sale on board an aircraft or ship
The public can access the documents and explanations for the draft bill on the MOF's website, and REACH consultation portal. Comments may be sent via website, email, fax or post. The public consultation will end on Jul 31, the ministry said.