The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on how GST applies to construction services. The update includes the addition of a new guidance video that covers:
- General GST Rules for construction services: An overview of how GST applies to construction services;
- Time of Supply Rules: Determining exactly when GST should be accounted for based on billing and payment milestones;
- GST Rules on Counter-Supplies: Explaining the GST treatment when parties provide goods o…