I have taken up a short payment permit due to GST short-paid in the initial import permit. However, now I was informed that the permit was over-declared. What should I do?
If the GST paid in the short-payment permit was paid by the Declaring Agent (DA), the DA may submit a refund request via Trade-Net system.
If the GST paid in the short-payment permit was paid by the taxable importer, the taxable importer to claim GST paid as input tax from the Inland Revenue Authority of Singapore (IRAS) during its accounting period.
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