Goods and Services Tax (Amendment) Bill

Explore the details of bill number 12/2024.

Summary

The Goods and Services Tax (Amendment) Bill 2024 aims to extend the application of GST to all taxable supplies made by public agencies in Singapore, treating them as supplies made in the course of business.
The bill defines "public agency" to include government ministries, departments, and bodies corporate established for public functions, with specific exclusions for Town Councils.
It includes provisions to validate previously imposed GST by public agencies and sets out specific supplies that are not covered by this validation.
The bill makes consequential amendments to the Goods and Services Tax Act and clarifies that its provisions come into effect upon publication in the Gazette.
Overall, it does not involve any additional financial burden on the government.

Summary written by AI (edit)

Original PDF Debate

Timeline

Bill introduced

The bill is formally presented in Parliament for consideration.

6 months ago

First reading

The bill's title and key objectives are read out, but no debate occurs at this stage.

6 months ago

Second reading

Members of Parliament debate the bill's general principles and overall merits.

5 months ago

Select committee

The bill is examined in detail by a select committee, which may suggest amendments.

5 months ago

Third reading

Members of Parliament debate the final version of the bill, including any amendments made.

5 months ago

Voting

The bill is voted on by the Members of Parliament and, if it receives the required majority, it becomes law. Do note that an exact vote may not be counted; the 'ayes' can simply be louder than the 'noes'.

5 months ago

Bill passed

The bill is passed and becomes law.

5 months ago