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Singapore fines construction firm for unlawful collection of goods service tax

( July 28, 2015, 07:04 GMT | Official Statement) -- MLex Summary: GG Construction Pte. Ltd. and its manager will each have to pay a S$113,925 ($83,000) penalty and a total of $2,400 in court fines for unlawfully collecting S$37,975 as goods service tax, or GST, on the sale of a property when the company was not registered to do so. Unlawful collection of GST is a serious offense in Singapore, where offenders face a penalty of three times the amount of tax unlawfully collected plus fines of up to S$10,000 for each offense.The regulator's full statement follows:...

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