Posted by Fortunebull > 2013-10-26 10:31 | Report Abuse

Ben Gan! Thank you for your simple article on GST! Hope all forumers here read first before commenting on GST! I am all for it! Those who condemn first most probable never understand GST in the first place!

Posted by ooi1955 > 2013-10-26 15:35 | Report Abuse

Thank you Ben Gan. Appreciate the above explanation, simple and to the point. Now I understand better what GST stands for and how to benefit from it.

Posted by Stockwatch > 2013-10-26 19:39 | Report Abuse

On the property sector GST will impact on the developers come 1st April 2015.The raw materials or inputs bought by the developer cannot be claimed back as these inputs are "exempt supply " and not "zero - rated supply" meaning that the developers will have to bear these costs or pass on these costs to the house buyer.The net effect will be these residential properties will cost even more.It might even defeat the purpose of house ownership.