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)
Timeline
The bill is formally presented in Parliament for consideration.
a year ago
The bill's title and key objectives are read out, but no debate occurs at this stage.
a year ago
Members of Parliament debate the bill's general principles and overall merits.
a year ago
The bill is examined in detail by a select committee, which may suggest amendments.
a year ago
Members of Parliament debate the final version of the bill, including any amendments made.
a year ago
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'.
a year ago
The bill is passed and becomes law.
a year ago