SHOP REFUSED TO GIVE RECEIPT

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martincymru
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SHOP REFUSED TO GIVE RECEIPT

Post by martincymru » Tue, 24 Feb 2015 9:13 am

Actually they gave scanned till receipt. It did not state the item purchased.
The shop owner said "if your boss does not believe you purchased that pencil then he can come and check with me".

Expenses: Does your accounts/audit dept accept a till receipt with just the scan number and amount but no item description?

Is the shop breaking the law?

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Re: SHOP REFUSED TO GIVE RECEIPT

Post by x9200 » Tue, 24 Feb 2015 9:23 am

martincymru wrote:Actually they gave scanned till receipt. It did not state the item purchased.
The shop owner said "if your boss does not believe you purchased that pencil then he can come and check with me".

Expenses: Does your accounts/audit dept accept a till receipt with just the scan number and amount but no item description?

Is the shop breaking the law?
Yes, they are breaking the law. Probably the most effective way is to call IRAS right from the shop. A mirracle may happen even before you get connected.

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Re: SHOP REFUSED TO GIVE RECEIPT

Post by taxico » Tue, 24 Feb 2015 1:42 pm

http://www.iras.gov.sg/irashome/page04.aspx?id=826" onclick="window.open(this.href);return false;

Since July 2003, businesses are no longer required to seek approval from IRAS for not issuing receipts. Businesses must however ensure complete and accurate recording of income transactions even if they decide not to issue receipts. There must be a well-documented audit trail to show that all income transactions are correctly recorded and declared for tax purposes. Practices such as using a cash register or accounting software should be maintained to help ensure the proper recording of all income transactions. It should be noted that:

You must still issue receipts to customers (if requested); and
GST-registered businesses must continue to issue tax invoices as required under the GST legislation, as the waiver of issuance of receipts is not the same as the waiver of issuance of tax invoices.

When making purchases for business purposes, you should ask for a receipt regardless of the payment mode (e.g. cash or cheque). Receipts serve as proof of payments made.

A receipt must be serially printed and have the following details:

Date of issue of the receipt;
Your business name and GST registration number;
The total amount payable (including the total amount of GST chargeable); and
The words "Price payable includes GST
Aut viam ad caelum inveniam aut faciam

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Re: SHOP REFUSED TO GIVE RECEIPT

Post by x9200 » Tue, 24 Feb 2015 3:46 pm

taxico wrote:http://www.iras.gov.sg/irashome/page04.aspx?id=826

Since July 2003, businesses are no longer required to seek approval from IRAS for not issuing receipts. Businesses must however ensure complete and accurate recording of income transactions even if they decide not to issue receipts. There must be a well-documented audit trail to show that all income transactions are correctly recorded and declared for tax purposes. Practices such as using a cash register or accounting software should be maintained to help ensure the proper recording of all income transactions. It should be noted that:

You must still issue receipts to customers (if requested); and
GST-registered businesses must continue to issue tax invoices as required under the GST legislation, as the waiver of issuance of receipts is not the same as the waiver of issuance of tax invoices.

When making purchases for business purposes, you should ask for a receipt regardless of the payment mode (e.g. cash or cheque). Receipts serve as proof of payments made.

A receipt must be serially printed and have the following details:

Date of issue of the receipt;
Your business name and GST registration number;
The total amount payable (including the total amount of GST chargeable); and
The words "Price payable includes GST

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PNGMK
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Re: SHOP REFUSED TO GIVE RECEIPT

Post by PNGMK » Tue, 24 Feb 2015 4:16 pm

Except you don't have to register (as a business) for GST unless your revenue is >$1MM.

What this means if a lot of businesses are taking that 7% GST and keeping it.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

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Re: SHOP REFUSED TO GIVE RECEIPT

Post by earthfriendly » Fri, 27 Feb 2015 12:40 am

No need to pay GST tax for those mom and pop store. They are exempt if their revenue is under $1 million per year. A good way to ease the burden and bureaucracy for small biz owners.

"Is a Singapore company required to collect GST tax?
No. Your company is required to register for GST and collect GST only if its annual turnover exceeds S$1 million."

http://www.guidemesingapore.com/taxatio ... -tax-guide" onclick="window.open(this.href);return false;

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Re: SHOP REFUSED TO GIVE RECEIPT

Post by PNGMK » Fri, 27 Feb 2015 8:50 am

earthfriendly wrote:No need to pay GST tax for those mom and pop store. They are exempt if their revenue is under $1 million per year. A good way to ease the burden and bureaucracy for small biz owners.

"Is a Singapore company required to collect GST tax?
No. Your company is required to register for GST and collect GST only if its annual turnover exceeds S$1 million."

http://www.guidemesingapore.com/taxatio ... -tax-guide" onclick="window.open(this.href);return false;

BUT they still charge it in some cases. Effectively loading prices by 7%.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

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Re: SHOP REFUSED TO GIVE RECEIPT

Post by Strong Eagle » Fri, 27 Feb 2015 11:29 am

PNGMK wrote:
earthfriendly wrote:No need to pay GST tax for those mom and pop store. They are exempt if their revenue is under $1 million per year. A good way to ease the burden and bureaucracy for small biz owners.

"Is a Singapore company required to collect GST tax?
No. Your company is required to register for GST and collect GST only if its annual turnover exceeds S$1 million."

http://www.guidemesingapore.com/taxatio ... -tax-guide" onclick="window.open(this.href);return false;

BUT they still charge it in some cases. Effectively loading prices by 7%.
The key, though, is that businesses, with the exception of restaurants, must quote prices GST inclusive. Therefore, you don't know, and do not need to know, if a business must pay GST... you are either happy with the price or you are not.

Some of the scallywags at Sim Lim quote a price, then attempt to add GST, a clear violation of GST laws. Tourists may fall for it, you should whip out your phone, take a picture of the salesman, then tell him you are going to report him for GST fraud.

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Re: SHOP REFUSED TO GIVE RECEIPT

Post by x9200 » Fri, 27 Feb 2015 11:53 am

^+1

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Re: SHOP REFUSED TO GIVE RECEIPT

Post by ScoobyDoes » Fri, 27 Feb 2015 6:34 pm

martincymru wrote:Actually they gave scanned till receipt. It did not state the item purchased.
The shop owner said "if your boss does not believe you purchased that pencil then he can come and check with me".

Expenses: Does your accounts/audit dept accept a till receipt with just the scan number and amount but no item description?

Is the shop breaking the law?

Everybody answered your main question but hot digidy dog, it must have been a hell of a pencil.
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