IRAS Video Guidance on GST for Construction Services

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…